Wheat ends with heavy losses in the US on Monday.

The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (22) with a moderate increase of 8.25 points and 1.36%, quoted at US$ cents 597.50/bushel. In  Kansas City Bank Exchange (KCBT)The contract for the same month closed with an advance of 10.50 points and 1.63%, at US$ cents 633.50/bushel. In this trading session, cereal prices were pressured by… improved weather conditions in the fields of wheat of the United Statesas well as by ample global supply of the grainAccording to the climate bulletin of U.S. Department of Agriculture (USDA)In the Great Plains, locally severe storms persist over the eastern part of Oklahoma and the northeast of TexasMeanwhile, cooler weather prevails in the northern and central portions of the Great Plains, with the formation of showers and some thunderstorms. Montana and in DakotasFurthermore, independent analysts believe that the good harvests of Russia and Ukraine, as well as more robust production in Türkiye and in SyriaInternational competition with North American grain has also been increasing, putting pressure on prices. global fall in oil prices, which exerts influence over the agricultural commoditiesThis also contributed to the negative bias. However, greater losses were limited by International demand is within market projections. by US grain. According to USDAIn the week ending June 18, U.S. wheat shipments totaled 393,000 tons, a volume in line with expectations of between 350,000 and 550,000 tons.

This text was translated by machine from Brazilian Portuguese.