The September wheat contract traded in Chicago Board of Trade (CBOT) closed this Thursday (2) in stability with a downward bias (-0.25 points and -0.03%), quoted at US$ cents 599.75/bushel. On the other hand, in Kansas City Bank Exchange (KCBT)The contract expiring in the same month rose 3.50 points and 0.55%, to US$ cents 638.50/bushel. However, in the weekly comparison, the assets remain in positive territory: with gains of 1.70% in the CBOT and 3.07% in KCBTIn this trading session, cereal prices were pressured by improved weather conditions in wheat fields across the Great Plains of the United States. According to the weather bulletin from United States Department of Agriculture (USDA)Winds from the Eastern Pacific provided the region with increased moisture. The weather phenomenon also generated isolated rain showers in agricultural regions. The increase humidity and the temperatures close to average ideal for the period, they accelerated the development of crops. Still in climate field, according to data from the report Drought Monitor of USDAThere was an improvement in the planting areas of winter wheat under drought conditions, with a 10 percentage point increase in the week (47%). However, despite the decrease in drought, the current scenario is much more alarming than that recorded in the same period last year, when only 24% of the crops were under drought conditions. spring wheat It also recorded a decrease in drought, falling from 25% to 19% of affected areas. However, according to… USDAHowever, certain regions continue to be affected by persistent drought in recent weeks, which has been causing damage to pasture fields and of winter wheat in the North American plains. As for international demand, the export sales records for the week ending June 25, released today by USDA, Data shows that the United States recorded exports of 300,000 tons of wheat from the 2026/27 crop during the period. This volume was in line with market projections of 300,000 to 600,000 tons. Investors are also monitoring the progress of… Planting of the 2026/27 wheat crop in Argentina which reached 80.9% of the estimated area, after advancing 15.1 percentage points in one week, according to data from Buenos Aires Grain Exchange (BCBA).
This text was translated by machine from Brazilian Portuguese.