The bullish scenario and expectations for planting will be discussed at the São Paulo Wheat Sector Chamber meeting
Virtually, the sector meets on March 03rd, at 9:30 am
As advance of the harvest of the new rice crop in Rio Grande do Sul, it has been there was a certain increase in the disparity between purchase values and sale of cereal. According to Cepea researchers, buyers expect the new harvest has greater supply and prices below those recorded in previous months. Already Sellers are still wary about the quality and size of the new harvest.
OK remember that there was a lack of rain during the sowing/germination and heavy rainfall during the grain maturation/filling period. Amid “arm wrestling” between the parties, the average prices remain under pressure. Nessa Wednesday, February 17th, the ESALQ/SENAR-RS paddy rice indicator (58% whole grains, with cash payment) closed at R$ 87,59/sc of 50 kg, drop of 1,78% in the February partial.
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