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Only 14% of Rio Grande do Sul's harvested wheat is fit for milling, according to TF Agroeconômica, with the state harvest 43% complete. Paraná's crop is estimated at 2.2 million tonnes against a 3.85 million tonne need, and prices are near import parity.
Poor quality and reduced volume limit milling wheat supply, which keeps Brazilian wheat prices firm and supports imports. Feed-grade wheat faces competition from cheaper corn.
agrolink.com.brLeonardo GottemsNov 2, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
