The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (19) with a slight increase of 2.75 points and 0.41%, quoted at US$ cents 667.25/bushel. In Kansas City Bank Exchange (KCBT)The futures contract closed stable at US$ cents 703.75/bushel. In this trading session, the market reduced some of its optimism surrounding the trade agreement between the United States and China, after Beijing committed to increasing purchases of US agricultural products. At the same time, investors continued to monitor the conditions of US wheat crops, which remain worrying. According to a survey by… U.S. Department of Agriculture (USDA) carried out until last Sunday (17), only 27% of the country's winter wheat crops were classified as good or excellent. The index represents a drop of one percentage point compared to the previous week and represents the worst performance for this period of the year since 1996. In the climate, the daily bulletin of USDA The agency warned of frost and freeze risks in the producing regions of the American Plains. Sub-zero temperatures are expected to hit areas of North Dakota and South Dakota, as well as parts of neighboring states. According to the agency, the low temperatures could damage winter wheat, as well as affect pastures and newly emerged summer crops. USDA He also highlighted that storms continue to move across the southeastern Plains amid the passage of a cold front through the region.
This text was translated by machine from Brazilian Portuguese.