Wheat ends Friday with a significant drop in the US.

The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Friday (29) with a significant drop of 13.50 points and 2.16%, quoted at US$ cents 610.50/bushel. In  Kansas City Bank Exchange (KCBT)The grain fell 15.50 points and 2.33%, to US$ cents 649.75/bushel. For the week so far, futures closed down 5.53%. CBOT and 4.73% in KCBT. In the monthly breakdown, wages registered broad losses of 4.12%. CBOT and 6.31% in KCBT.

In this trading session, cereal prices were pressured by… improved weather conditions in the crops of the United States PlainsAccording to the climate bulletin of United States Department of Agriculture (USDA), to the rain in the central portions of the region they are offering a much-needed relief from the drought, despite arriving too late for the fields of winter wheat, which are already registering irreparable losses. According to the analysis of Kansas State University, to the rainfall in agricultural areas from the main producing state of wheat from the United States, also should improve harvest prospects in the southern plains, where winter varieties of the grain are also grown. Furthermore, the fall in crude oil prices international markets also exert pressure on North American agricultural commodities, which contributed to the negative scenario. However, the Strong international demand by North American grain It prevented further devaluations. According to the USDALast week, sales were recorded of 1.058 million tons of wheat for delivery in the 2026/27 crop year.The amount is much higher than the 130,000 tons traded the previous week. The volume also exceeded market expectations of between 100,000 and 300,000 tons. Next Monday (1st), agents will monitor the release of weekly US shipping datain addition to updating the conditions and stages of US crops.

This text was translated by machine from Brazilian Portuguese.