At 9:43 am (Brasilia time) this Friday (24), the May wheat contract traded on Chicago Board of Trade (CBOT) It was registering a slight drop of 1.00 point and 0.16%, quoted at US$ cents 609.75/bushel. Kansas City Bank Exchange (KCBT)Meanwhile, the grain fell 6.25 points and 0.94%, to US$ cents 660.50/bushel. On the other hand, in the partial week, futures accumulated gains of 3.13% in CBOT and 3.73% in KCBT.
On the eve (23), the cereal advanced 1.92% in CBOT and 4.70% in KCBT, quoted at US$610.75/bushel and US$667.75 cents/bushel, respectively. This morning, cereal prices were pressured by a profit-taking movement After the large gains recorded the previous day, greater losses were avoided by… Strong international demand for US wheat.Furthermore, the adverse weather conditions in the agricultural regions of the United States They also avoided further devaluations. Export sales records for the week ending April 16, released today by… U.S. Department of Agriculture (USDA)Data shows that the United States traded 129,000 tons of wheat from the 2025/26 crop during the period, a volume within the market's expected range of up to 250,000 tons. Regarding the climate, according to… US National Weather ServiceDry, low-humidity weather continues to prevail in parts of the northwest and central-west of Iowanortheast of Nebraska and center of South DakotaThe strong gusts of wind recorded in the North American plains also raise the alert for forest fires. Furthermore, the International Grains Council (IGC) The Chinese analysis maintained its projection for the global wheat crop in 2025/26 at 845 million tons, representing a 5.5% increase compared to the previous cycle (801 million tons). For the 2026/27 crop, the IGC It projects a total production of 821 million tons of the cereal. On the radar, investors are awaiting the release of the weekly update report on the drought map for North American crops, the report Drought Monitor.
This text was translated by machine from Brazilian Portuguese.