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Rains during the harvest have restricted supply of good-quality wheat, pushing up cash prices in Brazil's available market. In October, the average wheat price in Paraná rose 3.9% month on month and in Rio Grande do Sul rose 5.9%, with both regions well above a year earlier in real terms.
Millers are importing wheat despite an unfavourable exchange rate and passing higher costs on to flour prices.
Tight domestic supply of milling-quality wheat is pushing millers toward imports, which lifts import demand and raises Brazilian wheat prices. Lower-quality lots are being diverted to animal feed, which keeps feed-wheat supply firm.
agro.mtNov 13, 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.
