May 13, 2020

Brazil Wheat Stocks Hit Record Low Amid Pandemic

Country is buying more wheat than ever as COVID-19 increases appetite for bread and other flour-based products

source: Reuters

当的净进口国at, Brazil will buy more of it than ever as the global COVID-19 pandemic increases domestic appetite for bread and other flour-based products, an official at government food supply and statistics agency Conab said on Tuesday.

Reutersreports imports into Brazil, mainly from neighboring Argentina, are expected to reach never-before-seen levels of 7.3 million tonnes in 2020, Conab data showed.

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Marketwatch: Mar, 03

US Corn Price Idx:ZCPAUS.CM

open: 7.1441
high: 7.2114
low: 6.9359
close: 7.029

US Soybean Price Idx:ZSPAUS.CM

open: 16.336
high: 16.3584
low: 16.0192
close: 16.138

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.46
high: 10.4975
low: 10.262
close: 10.4068

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.1435
high: 10.1881
low: 10.0896
close: 10.0896