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Soybean prices fall, corn prices rebound, and wheat comes under pressure.

Agricultural markets begin this Thursday (22) attentive to international diplomacy, crop progress and demand behavior, after distinct movements in the exchanges. According to TF Agroeconômica, the prospect of progress in negotiations involving the United States, Russia and Ukraine put pressure on wheat in Chicago, while soy and corn They reacted to factors specific to supply and consumption.

SRW wheat fell between 7.5 and 16.5 cents per bushel on Wednesday (21), after losses exceeding 20 cents during the trading session. The possibility of the reopening of trade flows through the Black Sea stimulated fund selling. In Argentina, the Rosario Stock Exchange projects a harvest of 23.8 million tons, with an average productivity of 3,530 kilos per hectare. If confirmed, the volume will be the second largest in 17 years.

Soybeans also ended Wednesday lower, with losses of 3 to 10 cents per bushel, despite announced sales by the United States of 134,000 tons to China and 165,000 tons to Spain. Argentine processing reached 4 million tons in September and accumulated 32.3 million tons for the year up to that month. In Brazil, planting reached 30% of the estimated area, above the average of 26% for the period, according to Conab.

Corn prices rose 1.25 cents per bushel in Chicago, with purchases near US$4.50 in the December 2026 contract. Even so, the position has accumulated a decline close to 20% since the high of September 2nd. At the opening this Thursday, Brent crude oil was near US$111.89 per barrel, while the Brazilian dollar futures contract was at R$5.0440, up 0.30%. Future movements are expected to remain sensitive to diplomatic negotiations, South American supply, and buyer reaction.

 

THE MM Cereais works with the best grains on the market and also keeps you up to date with the latest news and analyses on agribusiness.
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