Wheat prices fell in the US on Tuesday morning.

At 9:42 am (Brasilia time) this Tuesday (23), the July wheat contract traded on Chicago Board of Trade (CBOT) It registered a moderate decrease of 2.50 points and 0.42%, quoted at US$ cents 595.00/bushel. Kansas City Bank Exchange (KCBT)The grain fell 3.75 points and 0.59%, to US$ cents 629.75/bushel. On the previous day (22), the cereal futures fell 1.36% in CBOT and 1.63% in KCBT, quoted at US$ cents 597.50/bushel and US$ cents 633.50/bushel, respectively. In this trading session, cereal prices were pressured by improvement of weather conditions in wheat farming regions United Statesafter weeks of severe droughtAccording to US National Weather Service (NWS)In the Plains region, severe storms are expected in the states of Texas and of OklahomaThe agency also warns of the possibility of hail and strong windsStill in climate fieldthe forecast is for a cold front accompanied by isolated heavy rains on the North American plains, starting tomorrow (24). As for the fieldwork, the United States Department of Agriculture (USDA) revised its agricultural production cost projections upwards for 2027. According to USDA, the total cost of production should reach US$428 per acre for wheat. Looking at the last two decades, the accumulated increase over the period reaches 106%. international marketsIndependent analysts assess that the good prospects for wheat harvests in the region of Black Sea They have also been putting pressure on US grain prices. Yesterday, the USDA It was announced that wheat shipments totaled 393,000 tons in the week ending June 18, a volume 9.8% higher than the previous week (358,000 tons) and 54.2% above that observed in the same period last year (255,000 tons). The result was within analysts' projections, which ranged from 350,000 to 550,000 tons.

This text was translated by machine from Brazilian Portuguese.