The September wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (1st) with a strong increase of 10.75 points and 1.82%, quoted at US$ cents 600.00/bushel. In Kansas City Bank Exchange (KCBT)The futures contract for the same month advanced 9.75 points and 1.56%, to US$ cents 635.00/bushel. In the weekly partial results, the contracts accumulated gains of 1.74% and 2.50%, respectively. In this trading session, cereal prices continued to be driven by recent figures released by… United States Department of Agriculture (USDA) about reduction both of quarterly inventories of wheat how much planting area of the grain. Yesterday (30), the USDA It was reported that grain reserves fell from 35.38 million tons on March 1st to 25.04 million tons on June 1st, still above the 23.26 million tons recorded in the same period last year. department It also revealed 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. Furthermore, adverse weather conditions in US farming regions also supported prices. According to… weather bulletin of USDA, in the Great Plains, Isolated storms caused damage. to the wheat fields due to strong winds accompanied by hail. Furthermore, the dry weather and warm continues to affect the main grain-producing state, Kansas. Us international markets, according to a survey released this Tuesday (30) by Statistics CanadaCanadian farmers reported planting 25.3 million acres of wheat in 2026, a 5.9% decrease compared to the previous year. The decline was led by spring wheat, whose area fell by 3.9% (18.1 million acres). However, according to independent analysts, the prospects for good wheat harvests in [the region/region] Black Sea region They limited larger gains.
This text was translated by machine from Brazilian Portuguese.