Wheat ends with strong gains in the US on Monday.

The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (11) with a significant increase of 15.00 points and 2.42%, quoted at US$ cents 634.00/bushel. In Kansas City Bank Exchange (KCBT)The futures contract closed with an advance of 10.50 points and 1.55%, at US$ cents 686.25/bushel. In this trading session, cereal prices were driven by… Strong international demand for US wheat.According to what was announced today by U.S. Department of Agriculture (USDA)In the week ending May 7th, US farmers shipped 511,000 tons of corn. This volume exceeded market projections of between 300,000 and 450,000 tons. Furthermore, the adverse weather conditions They also provided support to prices. According to the climate bulletin from USDADespite recent improvements in topsoil moisture in parts of the North American Plains, many other areas remain affected by… drought and water scarcityIn the Great Plains, there is also the high risk of new forest fires, especially in the northern part of the region. On the radar, investors are awaiting the weekly report of US farming conditions also disclosed by USDA. Tomorrow (12), the will be published Monthly report on global supply and demand (WASDE), which will provide the first production projection for the 2026/27 North American crop.

This text was translated by machine from Brazilian Portuguese.