In Brazil, the reduced wheat prices can be attributed to the ample supply available in the domestic market.
Internationally, factors such as the U.S. harvest and alternative trade routes have pushed prices downward.
Since the end of the Grain Agreement on July 17, wheat trading has experienced significant fluctuations.
By the end of July, while international prices surged, the impact on Brazil was minimal.
Currently, wheat values are decreasing in both local and global markets, as reported by the Center for Advanced Studies in Applied Economics (Cepea).
Cepea’s research indicates that high wheat availability, sporadic purchases by mills, and a promising harvest outlook this year have also influenced the price decline in the Brazilian market.
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