The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Friday (31) with a significant drop of 24.25 points and 3.65%, quoted at US$ cents 639.25/bushel. In Kansas City Bank Exchange (KCBT)The contract for the same month fell 23.25 points and 3.18%, to US$ cents 707.50/bushel. On a weekly basis, futures closed in negative territory with losses of 5.72%. CBOT and 5.07% in KCBTOn the other hand, in the month of July, the yields recorded a monthly increase of 8.49%. CBOT and 13.15% in KCBTIn this trading session, cereal prices were pressured by a profit-making movementconsidering the significant monthly increase of the North American wheat prices. Weakened international demand also contributed to the negative bias. According to data from United States Department of Agriculture (USDA)In 2019, grain sales to foreign buyers fell 2% compared to the previous week and remained stable compared to the average of the previous four weeks. international marketsinvestors followed the geopolitical tensions in the region of Black Seabetween Ukraine and RussiaIn an interview with the agency Reutersrepresentatives of Russian Union of Grain Exporters and Producers They stated that the recent Ukrainian attacks on Russian ports they can perform at a Total suspension of grain exports. of the country. Currently, Russia is the world's largest exporter of wheat and possesses the African countries and Asians as their main buyers. No climate field, according to the bulletin of USDADespite the recent rains, the humidity of topsoil layer In the North American plains, dew remains low, covering more than 50% of the territory in all states of the region – with the exception of KansasNext week, the market begins to prepare for the release of the World Supply and Demand report (WASDEThe August report, scheduled for the 12th, will bring the first estimates of the North American harvest based on field surveys.
This text was translated by machine from Brazilian Portuguese.