At 10:11 am (Brasilia time) this Friday (31), the September wheat contract traded on Chicago Board of Trade (CBOT) The Brazilian real registered a sharp drop of 9.50 points and 1.43%, quoted at US$ 654.00 cents/bushel, with a depreciation of 3.54% for the week so far, but a monthly gain of 10.99%. Kansas City Bank Exchange (KCBT)The grain fell 8.50 points and 1.16%, to US$ cents 722.25/bushel – a weekly loss of 3.09% and a monthly increase of 15.51%. On the previous day (30), the cereal futures rose 0.42% in CBOT and 0.72% in KCBT, quoted at US$ cents 663.50/bushel and US$ cents 730.75/bushel, respectively. This morning, investors began to adjust some of the gains accumulated during the month, while also reassessing the pace of international demand for the grain. According to the weekly report from United States Department of Agriculture (USDA)Grain sales to foreign buyers fell 2% compared to the previous week and remained stable compared to the average of the previous four weeks. The market is also closely watching developments in the conflict between Russia and Ukraine. On Thursday (30), Ukrainian drones hit a sunflower oil export facility in the Russian port of Taman, in the Kerch Strait, according to sources heard by ReutersTensions in the region are increasing caution among exporters, raising logistical costs and the risk of disruptions to grain shipments across the Black Sea. Another factor monitored by market participants was the revision of estimates for… European Commission for the 2026/27 crop year. The agency reduced its projections for the production of most grains and oilseeds in the bloc, including an 8% drop in soft wheat production and approximately 14% in corn production compared to the previous season, reinforcing concerns about the global grain supply.
This text was translated by machine from Brazilian Portuguese.