The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (2) with a moderate drop of 5.75 points and 0.94%, quoted at US$ cents 603.00/bushel. In Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month fell 12.25 points and 1.89%, to US$ cents 634.75/bushel. In this trading session, cereal prices were pressured by the progress of fieldwork in the 2025/26 winter wheat crop in the United Statesas well as by Ample global supply of the grain in international markets.According to data released by U.S. Department of Agriculture (USDA)87% of winter wheat crops have already reached the heading stage, a weekly increase of nine percentage points. At the same time last year, the rate was 83%, while the average for the last five years is 79%. Despite the progress in crop development, only 26% of the areas were classified as good or excellent, a percentage that remained stable compared to the previous week, but much lower than the 52% observed during the same period of the previous season. winter wheat harvest It also began to gain momentum, reaching 5% of the cultivated area, above the 3% recorded in the same period last year. In the case of spring wheatPlanting has reached 94% of the planned area, above the historical average of 89% and in line with the figure recorded a year ago. Furthermore, 72% of the crops have already emerged, exceeding the five-year average of 67%. Also in the field, daily climate bulletin USDA reported that the rain, which reached the Plains regions of the USA, brought a Limited relief from drought. with conditions in the main producing states still classified as poor and very poor. international scenarioa European Commission reported today that soft wheat exports from European Union Since the start of the 2025/26 season on July 1st, they have reached 21.467 million tons up to the last day of May 31st, a volume 6% higher than that recorded in the same period last year.
This text was translated by machine from Brazilian Portuguese.