At 9:48 am (Brasilia time) this Thursday (2), the September wheat contract traded on Chicago Board of Trade (CBOT) It recorded a moderate increase of 3.75 points and 0.63%, quoted at US$ cents 603.75/bushel. Kansas City Bank Exchange (KCBT)The contract expiring in the same month registered an advance of 2.75 points and 0.43%, to US$ cents 637.75/bushel. For the week so far, the assets remain in positive territory, accumulating gains of 2.37% and 2.95%, respectively. On the previous day (1st), the September contract advanced 1.82% in… CBOT, at US$ cents 600.00/bushel; however, the contract for the same month rose 1.56% in KCBT, at US$ cents 635.00/bushel. This morning, cereal prices were supported by adverse weather conditions in the main grain-producing regions United StatesAccording to US National Weather Service (NWS)alerts were issued for a extreme heat wave from the east of Kansas until Atlantic Ocean and since Minnesota to the center of AlabamaRegarding international demandMarket participants were also awaiting the release of the weekly export sales report. U.S. Department of Agriculture (USDA)which should provide new signals about the pace of US wheat shipments. However, wheat prices were pressured by expectations of record harvests wheat in the region of Black SeaFurthermore, investors also adjust their positions before the US Independence Day holiday. On Friday (3), the CBOT It will operate on a reduced schedule, with negotiations ending early.
This text was translated by machine from Brazilian Portuguese.