Wheat ends with broad gains in the US on Monday.

The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (6) with a significant increase of 14.25 points and 2.38%, quoted at US$ cents 614.00/bushel. In Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month advanced 11.25 points and 1.76%, to US$ cents 649.75/bushel. In this trading session, cereal prices were driven by… adverse weather conditions both in the agricultural areas of United States how much EuropeAccording to the climate bulletin of U.S. Department of Agriculture (USDA), in the Great Plains, the low soil moisture and the hot weather continued to affect the wheat fieldsIndependent analysts are also monitoring the weather forecast for European grain crops. The expectation is that… high temperatures in France, a major producer of the grain in European Union (EU)in the coming days. A Saudi Arabia announced a new international tender to acquire 661 thousand tons of wheatHowever, analysts believe that Russian wheat could absorb a large share of the purchases. Russiathe Ministry of Agriculture announced today increase in the export rate Regarding the cereal, which had been at zero for 11 consecutive weeks. Starting from the day July 8ththe wheat will be charged in 370.1 rubles per tonHowever, greater gains were limited by Weakened international demand by North American grain. According to data from USDAThe US shipped 134,000 tons last week, falling short of market projections, which ranged from 300,000 to 500,000 tons.

This text was translated by machine from Brazilian Portuguese.