EN 
PT_BR 
Cepea's collaborating agents are closely monitoring the progress of the wheat harvest in Argentina – it's worth remembering that the neighboring country is the largest supplier of the cereal to Brazil.
Data released on November 27 by the Bolsa de Cereales indicates that, with 33.9% of the area harvested, Argentine production was revised upwards to 25.5 million tons.
This volume exceeds the previous estimate by 1.5 million tons, and is also a new record, surpassing the previous highest volume of 22.4 million tons, registered in the 2021/22 season. As for prices in Brazil, they fell in November.
According to researchers at Cepea, in addition to the scenario of a large harvest in Argentina, the devaluation of the dollar against the Real reinforced the downward trend in wheat prices in the Brazilian market.
In November, the monthly average in Rio Grande do Sul was R$ 1,044.82 tons, a decrease of 8.2% compared to October/25, 17.1% compared to November/24, and the lowest since February/18 – all comparisons are in real terms (values deflated by the IGP-DI).
In Paraná, the average R$ was 1,196.69 tons in November, with a monthly decrease of 1.6% and an annual decrease of 15.9%, the lowest since October 2023.
