🌾 Turn up the wheat

Brazil is one of the world's largest exporters of agricultural commodities, but for some products, weather and market conditions force it to look abroad. The most pressing case is not a crop but a strategic input — fertilizers, as we recently explained. Another is wheat.

Brazil consumes roughly 13.3 million tonnes of wheat a year, most of it milled into flour for the bread and bakery industry, according to agricultural consultancy Safras e Mercado. Domestic production doesn’t cover demand, however, reaching…

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