The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (7) with a moderate increase of 4.50 points and 0.73%, quoted at US$ cents 618.50/bushel. Already in Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month advanced 3.00 points, or 0.46%, to US$ cents 652.75/bushel. In this trading session, cereal prices were supported. due to adverse weather conditions in the wheat-producing regions of United StatesFurthermore, the wave of extreme heat in Europeespecially in France, it also provided support for US prices. According to the weather bulletin of United States Department of Agriculture (USDA)In the Great Plains, the heat is gradually increasing, except along and near the Canadian border. "Today's maximum temperatures should approach or reach around 38°C, extending as far north as the South Dakota"According to the document. As for the effects of persistent drought of the last few months, USDA reported that the Nebraska led among all producing states of winter wheat, with 93% of its crop classified in this lower quality range. However, greater gains were limited by the expectation that a cold front reach the agricultural areas of the US plains. Regarding fieldwork, the US agency reported that the harvest of winter wheat It reached 59% of the cultivated area, ahead of the multi-year average of 51%. The weekly increase was 11 percentage points. In the case of spring wheatCurrently, 58% of the crops are in the tillering stage, an earlier pace than the 54% observed on average over the last five years.
This text was translated by machine from Brazilian Portuguese.