The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (29) with a slight decrease of 1.75 points and 0.26%, quoted at US$ cents 660.75/bushel. In Kansas City Bank Exchange (KCBT)The contract expiring in the same month fell 0.75 points and 0.10%, to US$ cents 725.50/bushel. For the week, the contracts have accumulated losses of 2.54% and 2.65%, respectively. In this trading session, cereal prices were pressured by recent events. rain in wheat-growing areas on the North American plains. According to the climate bulletin of United States Department of Agriculture (USDA), to the precipitation accompanied by cloudiness are easing the high temperatures in the central plains. In field, the beginning of spring wheat harvest, until last Sunday (26), reached 2% of the cultivated area – a pace in line with that observed on average over the last five years, according to data from USDAFurthermore, 95% of the crops are in the tillering stage. However, greater losses were limited by… geopolitical uncertainties node Eastern EuropeDue to the attacks between Russia and Ukrainein the region of Sea of Azova SovEcon reduced its forecast for the Russian wheat exports in crop year 2026/27 to 44.6 million tons – a reduction of 1.9 million tons.
This text was translated by machine from Brazilian Portuguese.