The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Thursday (21) with a sharp drop of 13.00 points and 1.97%, quoted at US$ cents 647.50/bushel. In Kansas City Bank Exchange (KCBT)The contract expiring in the same month fell 11.75 points and 1.68%, to US$ cents 687.00/bushel. On the other hand, in the weekly comparison, assets remain without a defined direction: with a 1.85% increase in CBOT and a slight drop of 0.15% in KCBTIn this trading session, cereal prices were pressured by… improved weather conditions of wheat crops in the United StatesAccording to Drought Monitorof United States Department of Agriculture (USDA), the cereal crops registered a slight decrease in drought damage of 1 percentage point (70% of the areas under dry) compared to last week. Still on the subject of climate change, according to analysts from Kansas State University, New rainfall was recorded in cultivated areasespecially in Kansas – main wheat-producing state in the United StatesRain in the region is expected to continue steadily until this Saturday (23). These conditions may alleviate, to some extent, the lack of moisture that is expected to cause farmers to abandon approximately 4.42 million hectares of the 17.73 million sown with wheat, as projected by USDA in its latest monthly supply and demand report. Larger losses, however, were limited by Strong international demand by North American grain. The USDA It was reported that net wheat sales for the 2025/26 crop totaled 166,300 tons in the week ending May 14. This volume was higher than the 133,000 tons recorded in the previous week and 28% higher than the average of the last four weeks.
This text was translated by machine from Brazilian Portuguese.