The December wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (1st) with a strong increase of 8.50 points and 1.10%, quoted at US$ cents 782.50/bushel. In Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month saw a gain of 7.25 points and 0.87%, to US$ cents 845.25/bushel. This morning, cereal prices were boosted by… geopolitical tensions in exporting region of Black Sea and of Sea of AzovDuring the last early morning hours, attacks from Russia they reached port infrastructure in the region of Odessa, in the south of Ukrainein addition to a border crossing with the Romania. According to independent analystsother areas of Ukrainian societies and Russian are also being drastically affected by the conflict, such as energy sectorThe war is also driving the demand for grain from other exporting countries, as in the case of wheat from European Union and of United StatesNo European bloc, to the soft wheat exports since start of the 2026/27 seasonAs of July 1st, the total reached 4.156 million tons by August 30th, a volume 4% lower than that recorded in the same period last year, according to data from… European Commission. To the adverse weather conditions In the United States, factors also supported wheat contracts. According to the climate bulletin… U.S. Department of Agriculture (USDA)In the plains, a prevailing pattern prevails. hot climate with low surface soil moisturethroughout the southern half of the region, amid the worsening of dry.
This text was translated by machine from Brazilian Portuguese.