At 10:08 am (Brasilia time) this Thursday (11), the July wheat contract traded on Chicago Board of Trade (CBOT) It was down slightly by 1.00 point and 0.17%, quoted at US$ cents 586.50/bushel. On the other hand, in Kansas City Bank Exchange (KCBT)The same month’s expiration showed an upward bias (0.50 points and +0.08%), at US$ cents 631.00/bushel. For the week so far, the assets remain in positive territory, accumulating gains of 1.12% and 1.65%, respectively. On the previous day (10), the July contract advanced 0.38% in CBOT, at US$ cents 587.50/bushel; however, the contract for the same month fell 0.04% in KCBT, at US$ cents 630.50/bushel. This morning, investors are awaiting the release of Monthly agricultural supply and demand report (Wasde) June, which will be published by United States Department of Agriculture (USDA) at 1 PM. In addition to cautious market stance which exerted pressure on prices, the negative bias on cereal prices was also caused by recent relief from drought in some of the main producing regions winter wheat in the United States. According to US National Weather ServiceFollowing days of rain in the Plains region, more storms are expected in… NebraskaThe agency also issued warnings for possible flooding and even hail in some regions. Regarding… international demandthe USDA It was reported that net U.S. wheat sales for the 2026/27 marketing year totaled 666,300 tons in the week ending June 4. An additional 298,600 tons were also recorded from the 2025/26 season, which ended on June 1 in the United States.
This text was translated by machine from Brazilian Portuguese.