Will Brazil import wheat from the U.S. in 2015?
Last week, the Brazilian Wheat Industry Association (Abitrigo) said probably not, since Brazil and Argentina look likely to produce well in 2014-15.
However, Trigo & Farinhas, a local wheat consultancy, subsequently estimated that Brazil will still import 1 million metric tons (mmt), and DTN Cash Grains Analyst Mary Kennedy notes the idea Brazil will need to import U.S. wheat next year is in the market.
One factor in the supply and demand mix is the wet weather in Rio Grande do Sul, Brazil's No. 2 ...