Wheat ends with gains in the US on Tuesday.

The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (21) with a moderate increase of 4.00 points and 0.59%, quoted at US$ cents 678.00/bushel. Already in Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month advanced 9.25 points and 1.28%, to US$ cents 733.00/bushel. In this trading session, prices for US grain were driven by… extreme weather conditions in the wheat fields of the United States, as well as by geopolitical tensions and military in Black Sea exporting regionAccording to weather bulletin of United States Department of Agriculture (USDA)However, agricultural areas in the southern half of the Plains region continue to be affected by a continuous heat wave which has been reducing soil moisture. In July 19The moisture content of the topsoil in the ten states encompassing the Rocky Mountains and the Plains already ranged from 34% (very low to low levels) in Kansas at 93% ColoradoDespite both countries being involved in conflict in East European – Russia and Ukraine – to claim that they will produce robust harvests with the cereal, there is a risk that the grain exports May both countries be harmed this season. Following the recent attacks on port infrastructure and vessels From both nations, the expectation is that the trade routes Trade in the Black Sea continues to be affected by geopolitical tensions, leading to a considerable drop in wheat shipments. As for… North American crop conditionsthe USDA reported that the harvest of winter wheat It advanced to 74% of the cultivated area, a weekly progress of 7 percentage points. In the case of spring wheat86% of the crops are in the tillering phase, a rate in line with that observed in the same period of the last season (86%) and the average of the last harvests (85%). Regarding international demandthe USDA On Monday, the US released data on wheat shipments for the week ending July 16. During that period, the US exported 214,000 tons. The volume was in line with market projections of 200,000 to 300,000 tons.

This text was translated by machine from Brazilian Portuguese.