Wheat/CEPEA: Transactions Remain Sporadic
According to CEPEA researchers, the wheat spot market is experiencing limited liquidity due to tight supply during this period of the year. Flour mills are well-stocked and do not require large volumes in the short term, preferring to negotiate new crop deals for September-October 2026 delivery. Sellers with remaining inventory, particularly in São Paulo where availability is scarce, are seeking higher prices, thus supporting local quotations.
University of São Paulo Research Center
**Wheat/CEPEA: Transactions Remain Sporadic**
According to a report released by CEPEA on July 7, 2026, wheat trading activity in the Brazilian spot market remains limited due to the persistent tight supply during this time of year. Researchers from CEPEA indicate that flour mills are currently well-stocked and do not have an immediate need to acquire large volumes. Instead, these buyers are prioritizing negotiations for new crop wheat, with deliveries anticipated between September and October 2026.
Simultaneously, sellers who still possess wheat inventories, particularly in São Paulo where availability is scarcer, are seeking to negotiate at higher price points. This reluctance to sell at lower prices and the pursuit of elevated quotations are effectively supporting wheat prices in the state. Overall, market transactions are characterized by small, sporadic deals, reflecting a cautious approach from both buyers and sellers as they await the arrival of the new harvest.