Skip to content Skip to sidebar Skip to footer

Wheat and corn open higher, while soybeans lose momentum.

Agricultural markets begin this Friday with mixed movements, amid logistical factors, international demand, and technical adjustments in the main commodities. According to TF Agroeconômica, wheat and corn register slight increases, while the soy Trading is under pressure in Chicago following recent gains.

In the wheat market, logistical problems in the Black Sea region, responsible for about a quarter of the world's supply, are expanding opportunities for other origins, especially Europe, the United States, Argentina, and Australia. Brazil may also gain some ground, although exports are at a standstill. In Argentina, sellers are asking between US$$ 253 and US$$ 258 per ton for deliveries from October to December, but buyer interest remains limited.

In soybeans, futures are retreating due to profit-taking, with November near US$ at $13.06 per bushel. The market is monitoring signs of interest from China, which accounted for approximately 875,000 tons of the 1.702 million tons recently exported by the United States. Soybean meal remains a highlight of the complex, supported by strong demand, a high crushing rate, and potential logistical difficulties caused by rain.

Corn prices are showing a slight increase in value, but remain directionless. In Brazil, prices fell throughout the week due to increased domestic availability, accumulating a drop of 1.40% in September up to Thursday. Among the indicators, the Brazilian dollar futures contract was at R$ 5.1610, down 0.25%. Brent crude oil was down 0.66% to US$ 103.39, while the dollar index was up 0.20%.

 

THE Bela Cereais works with the best grains on the market and also keeps you up to date with the latest news and analyses on agribusiness.
Don't forget to follow our social networks.

Access News Source