At 10:03 am (Brasilia time) this Friday (26), the July wheat contract traded on Chicago Board of Trade (CBOT) It was registering a sharp drop of 11.50 points and 1.95%, quoted at US$ cents 579.50/bushel. Kansas City Bank Exchange (KCBT)The grain fell 11.25 points and 1.81%, to US$ cents 609.25/bushel. For the week so far, futures were down 4.33%. CBOT and 5.40% in KCBT.
In yesterday's trading session (25), the cereal closed with a moderate increase of 0.90% in CBOT and 0.53% in KCBT, quoted at US$ 591.00/bushel and US$ 620.50 cents/bushel, respectively. This morning, cereal prices were pressured by improvement in weather conditions in cropsdue to the continuity of rain in the wheat-producing regions of United StatesAccording to US National Weather Service (NWS)alerts were issued for storms and floods in the state of Kansas, the main grain-producing state in the country. In international marketsa fall in global crude oil prices – that exerts influence over US agricultural commodities – also contributed to the negative bias. Regarding international demand by US grain, the USDA informed their yesterday export sales records Data from the week ending June 18 shows that the United States recorded exports of 504,000 tons of wheat from the 2026/27 crop during that period. This volume was within market projections, which ranged between 250,000 and 600,000 tons.
This text was translated by machine from Brazilian Portuguese.