The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (15) with a moderate increase of 5.25 points and 0.90%, quoted at US$ cents 589.75/bushel. In Kansas City Bank Exchange (KCBT)The futures contract closed with an advance of 5.50 points and 0.87%, at US$ 640.00 cents/bushel. In this trading session, cereal prices were supported by a adjustment movement in the positions, considering the drop in prices in recent days. Furthermore, the deterioration of climatic conditions In North American fields, this also provided support for wheat contracts. According to the climate bulletin from United States Department of Agriculture (USDA), in the Plains, the predominantly dry climate includes temperatures below normal for the period. Despite the rain recent in the cereal fields, the extreme drought It still covers a large part of the grain-producing states, such as Nebraska (50% of the areas affected by the drought), Colorado (36%) and Oklahoma (31%). No Eastern Europethe Ministry of Agrarian Policy from Ukraine reported that the country exported 34.943 million tons until June 12th of this year. The volume is considerably below… 39,586 million tons shipped during the same period of the previous cycle. According to independent analysts, grain importers and other agricultural commodities they are waiting definitions of the peace agreement between the US and Iran to resume holding new tenders. This move would indicate renewed interest after the end of diplomatic negotiations. However, greater gains were limited by… Weakened international demand by North American grain. According to USDAWheat shipments from the country totaled 334,000 tons in the week ending June 11. Despite an increase compared to the previous week (323,000 tons), the volume came in below investors’ projections of 350,000 to 550,000 tons. Investors are awaiting the release of the weekly update on crop conditions and stages in the United States. USDA.
This text was translated by machine from Brazilian Portuguese.