At 10:26 am (Brasilia time) this Tuesday (23), the July wheat contract traded on Chicago Board of Trade (CBOT) It registered a slight increase of 2.25 points and 0.40%, quoted at US$ cents 571.75/bushel. On the other hand, in Kansas City Bank Exchange (KCBT)The grain fell 1.50 points and 0.25%, to US$ cents 598.50/bushel. In June, futures accumulated partial losses of 6.35%. CBOT and 7.89% in KCBTOn the previous day (29), cereal futures fell 1.51% in CBOT and 1.80% in KCBT, quoted at US$ cents 569.50/bushel and US$ cents 600.00/bushel, respectively. This morning, domestic prices were supported by adverse weather conditions in the farming regions of winter wheat us United StatesNo KansasVirginia, the main US state producing the grain, continues to be affected by a extreme heat wave. According to the US National Weather Service (NWS), to the high temperatures must persist until Thursday night (2). As for international demand, US exporters reported today to United States Department of Agriculture (USDA) a sale of 100,000 tons of wheat for the Nigeria, with delivery scheduled for the 2026/27 marketing year. In the field, the wheat harvest It continues to be monitored. According to the survey by USDABy June 28th, work had reached 48% of the cultivated area, ahead of the multi-year average of 39%. The weekly progress was 8 percentage points. Currently, 26% are in good and excellent condition – the same percentage observed in the previous week and well below the 48% of the same period last year. Furthermore, 27% are in fair condition and 47% in poor and very poor condition. Regarding… spring wheatCurrently, 35% of the crops are in the tillering stage, a slightly faster pace than the 34% observed on average over the last five years. Regarding crop conditions, areas classified as good/excellent represent 59% of the total (an increase of 5 percentage points). Furthermore, 34% are classified as fair and 7% as poor/very poor. On the other hand, independent analysts also point out that… ample global supply of the grain and the fall in crude oil prices exerted pressure on the prices of North American agricultural commodityLater, the USDA will also publish quarterly inventory report in the position of June 1st.
This text was translated by machine from Brazilian Portuguese.