Cepea, June 3, 2025 – Wheat trades moved at a slow pace in the spot market in May. Purchasers closed only some deals, keeping values below those expected by sellers. Producers, in turn, were focused on crop activities and limited the volume offered.
In May, the price gap was high; however, the progress of planting activities in Brazil, the possible record crop (in global terms) and the projection of the production in Argentina ended up pressing down values and resulting in a decrease of monthly quotations.
In May, the monthly average of wheat prices in Paraná was BRL 1,548.86 per ton, for a decrease of 1% against April/25, but upping 2.3% in relation to that in May/24, in real terms (IGP-DI). In Rio Grande do Sul, the average was BRL 1,407.93/ton, 4.2% smaller in one month and +0.9% in one year. In São Paulo, prices averaged BRL 1.604.06/ton, -3.9% and -1.9% in the same comparisons. As for Santa Catarina, the average was BRL 1,462.33/ton in August, moving down 1.1% compared to April and 5.6% against that in the same month last year.
CROPS – Conab says that, up to May 24, 30.6% of the area in Brazil had been planted.
IMPORTS – Data from Secex indicate that wheat imports totaled 477.59 thousand tons in the partial of May (16 producing days), 27% smaller than in May/24 (654.84 thousand tons).
(Cepea-Brazil)
Centro de Estudos Avançados em Economia Aplicada – CEPEA-Esalq/USP
