The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (30) with a strong increase of 11.25 points and 1.98%, quoted at US$ cents 580.75/bushel. Already in Kansas City Bank Exchange (KCBT)The contract expiring in the same month advanced 11.00 points, or 1.83%, to US$ cents 611.00/bushel. On the other hand, in the monthly comparison, contracts fell 4.87% in the CBOT and 5.96% in KCBTIn this trading session, cereal prices were driven by a reduction in quarterly wheat inventories, as well as a decrease in the total area planted with the grain in the United States. U.S. Department of Agriculture (USDA) released the data of quarterly inventories of the North American country in the position for June 1st. Wheat stocks were 25.04 million tons, compared to 35.38 million tons in the previous report and 23.26 million tons last year. USDA It also reported that the total area planted with wheat in the US in 2026/27 is estimated at 17.28 million hectares, a 6% reduction compared to 2025/26. The average market expectation was 17.75 million hectares. area designated for winter wheat The area under acreage was estimated at 12.75 million hectares, a 5% decrease compared to the previous cycle. area planted with spring wheat The area planted with durum wheat decreased by 6% during the period, to 3.80 million hectares. Meanwhile, the area planted with durum wheat was estimated at 740,000 hectares (-16%). Also in the field, the current… 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. Further gains were limited by improved weather conditions in North American wheat-producing regions. According to the department, in the Great Plains, a narrow strip of rain It extends northeastward from West Texas. Meanwhile, milder temperatures The drought persists in parts of the northern region, following rains that alleviated the drought.
This text was translated by machine from Brazilian Portuguese.