Wheat prices ended sharply higher in the US on Wednesday.

The July wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (17) with a significant increase of 16.75 points and 2.81%, quoted at US$ cents 612.75/bushel. In Kansas City Bank Exchange (KCBT)The contract expiring in the same month rose 19.75 points and 3.12%, to US$ cents 653.50/bushel. On a weekly basis, the assets have accumulated significant gains of 4.83%. CBOT and 2.99% in KCBTIn this trading session, cereal prices were driven up by expectations of a growth in international demand by North American wheat. According to independent analysts, the projection is that Chinese buyers may be interested in acquiring more shipments of soy and others agricultural commodities of the United StatesAccording to the climate bulletin U.S. Department of Agriculture (USDA), one extreme heat wave It ravages the southern plains. The state of Texas It records temperatures ranging from 38°C to 43°C. Furthermore, despite the good rain In the northernmost plains, market analysts believe that recent rainfall is unlikely to be sufficient to contain the damage to… 2025/26 crop of the cereal after long periods of droughtHowever, further gains were limited by the announcement that the Morocco must harvest 4.4 million tons of soft wheat in the current harvest.According to Moroccan Minister of Agriculture, Ahmed BouariThe government’s objective is to stimulate the marketing of domestic production and raise tariffs on grain imports.

This text was translated by machine from Brazilian Portuguese.