The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (3) with a strong increase of 11.75 points and 1.84%, quoted at US$ cents 651.00/bushel. In Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month advanced 9.75 points and 1.38%, to US$ cents 717.25/bushel. In this trading session, cereal prices in United States were driven primarily by geopolitical tensions in Black Sea exporting regionbetween Russia and Ukraine – the main global exporters of the commodity. This Monday (3), the Russia announced that the country will strengthen its security measures to protect vessels operating in the Black Sea and in Sea of AzovFurthermore, according to Russian Ministry of Transport, one task force it was also created for identify new logistical alternatives and redistribute part of the cargo flow to other modes of transportNo north of AfricaIndependent analysts monitor the movements of Algeria's state procurement agency, which must launch a tender for the acquisition of wheat shipments in the coming weeks, with delivery scheduled for the month of SeptemberAlready in Canadathe U.S. Department of Agriculture (USDA) It has reduced its projections for the country's wheat production. According to the agency, Canadian farmers are expected to produce 34.6 million tons of wheat in the 2026/27 crop year, a 13% decrease compared to the previous cycle. climate field, according to the report of USDA, oo heat and the dry weather In the central and southern portions of the Great Plains, these factors continue to cause stress to natural grassland areas, cultivated pastures, and rain-dependent summer crops. Furthermore, the USDA It was reported that weekly wheat shipments totaled 335,000 tons, a volume lower than that recorded in the previous week (417,000 tons) and below the average needed (423,000 tons) for the US to reach the official projection of 21.09 million tons exported this season. Also on Monday, the USDA will release an updated bulletin with the conditions and stages of North American crops.
This text was translated by machine from Brazilian Portuguese.