The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (8) with a sharp drop of 10.75 points and 1.74%, quoted at US$ cents 607.75/bushel. In Kansas City Bank Exchange (KCBT)The contract for the same month fell 7.50 points and 1.15%, to US$ cents 645.25/bushel. On the other hand, in the weekly partial, the contracts accumulated gains of 1.33% and 1.06%, respectively. In this trading session, cereal prices, pressured by a drop in temperatures in parts of the North American plains, they accompanied the General decline in the agricultural commodities market.According to the climate bulletin of United States Department of Agriculture (USDA), one cold front in the Great Plains is contributing to the occurrence of some rain showers in the Dakotas and surrounding areas. However, in the rest of the United States, winter grain producers, such as wheat and barley, are paying close attention to a heat wave expected to peak over the weekend. The progress of the grain harvest was also putting pressure on prices. On July 5, 54% of spring wheat The US had already produced ears of corn, according to the USDAOn the other hand, greater losses were limited by the global rise in crude oil prices, which influences the prices of US agricultural commodities. On the radar, tomorrow (9), the market awaits the weekly data from USDA of sales for export and the publication of Drought Monitor of USDA, which will provide clues about weather conditions in US crops. The monthly supply and demand report (Wasde) will be released on Friday (10). USDA.
This text was translated by machine from Brazilian Portuguese.