Wheat prices rose in the US on Thursday morning.

At 9:32 am (Brasilia time) this Thursday (23), the May wheat contract traded on Chicago Board of Trade (CBOT) It was trading moderately higher, up 3.25 points and 0.54%, quoted at US$ cents 602.50/bushel, with a gain of 1.90% for the week so far. Kansas City Bank Exchange (KCBT)The grain rose 7.50 points and 1.18%, to US$ cents 645.25/bushel, with a partial weekly advance of 1.33%. On the previous day (22), the cereal futures recorded losses of 0.95% in CBOT and 0.89% in KCBT, quoted at 599.25/bushel and 637.75/bushel, respectively. This morning, cereal prices were driven by severe drought which affects the main North American winter wheat producing regionsAccording to National Weather Service of the United States United, strong gusts of wind are also affecting the southwest Kansas and the mountainous regions of Oklahoma and TexasAccording to the meteorological agency, the alarming levels of drought and water scarcity in the cereal farming areas as well This raises the alert for new forest fires.

Yesterday, the Buenos Aires Grain Exchange (BCBA) Argentina has released its new projection for the wheat planting area in the 2026/27 crop year of 6.5 million hectares. This figure represents a 3% year-on-year decrease, but is still 2.8% above the average of the last five seasons. Also in the international scenario, the Saudi Arabia Saudi Arabia has launched a new tender for the purchase of 710,000 tons of wheat. Delivery is scheduled to take place between June and August. The shipments are destined exclusively for Saudi ports on the Red Sea, which would avoid the blockade of the Strait of Hormuz. Investors are also awaiting the release of the weekly export sales report. U.S. Department of Agriculture (USDA).

This text was translated by machine from Brazilian Portuguese.