The March wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (2) with a strong increase of 6.00 points and 1.12%, quoted at US$ cents 541.00/bushel. In Kansas City Bank Exchange (KCBT)The futures contract for the same month rose 6.25 points and 1.19%, to US$ cents 533.00/bushel. Wheat prices were supported by the Russian threat to block and attack Ukraine’s maritime access to the Black Sea. The route is strategic and used by both countries, which are among the world’s leading wheat exporters. Also in Eastern Europe, planting of Ukraine’s 2025/26 wheat crop is practically complete and in good condition to enter the winter period, according to the country’s farmers’ association. As of December 1st, 4.74 million hectares of winter wheat had been sown, equivalent to 99.3% of the planned area. In Australia, the official statistics agency raised its projections for this year’s crop, now estimated at 35.6 million tons, an increase of 1.8 million tons and the third largest in the historical series. Meanwhile, soft wheat exports from the European Union since the start of the 2025/26 season on July 1st totaled 9.662 million tons through November 30th, a volume 5% lower than that recorded in the same period last year, according to data from the European Commission. On the radar are the development of the winter crop in the United States and the progress of planting in Argentina.
This text was translated by machine from Brazilian Portuguese.