At 9:52 am (Brasilia time) this Thursday (30), the September wheat contract traded on Chicago Board of Trade (CBOT) It recorded a significant increase of 18.75 points and 2.84%, quoted at US$ cents 679.50/bushel. Kansas City Bank Exchange (KCBT)The contract expiring in the same month registered an advance of 21.75 points and 3.00%, to US$ cents 747.25/bushel. For the week so far, the assets remain in positive territory, accumulating gains of 0.26% and 0.27%, respectively. On the previous day (29), the September contract retreated 0.26% in CBOT, at US$ cents 660.75/bushel; the contract for the same month fell 0.10% in KCBT, at US$ cents 725.50/bushel. This morning, cereal prices were driven up by escalation of the conflict between Russia and Ukraineespecially in Black Sea exporting regionBoth countries of Eastern Europe, major global producers of wheathave carried out attacks with bombings and drones against port infrastructure and logistics from each other. In the case of MoscowFollowing the Ukrainian drone offensive, the Kremlin restricted navigation and interrupted grain transportation us ports of Novorossiysk and Taman. In Kiev, the authorities reported a reduction in grain export capacity in its main ports, such as OdessaMarket participants also monitor the reduction in projections from the grain harvest in Australia due to dry climate in the cultivated areas. According to the survey by attaché of the United States Department of Agriculture (USDA) in the countryproduction is expected to fall by 36 million tons in 2025 to 28 million tons this yearNo climate fieldaccording to US National Weather Service (NWS)the forecast is that extreme heat for much of the east of Oklahoma and in the west of ArkansasLater, the USDA will release weekly export sales data for the United States and an update on monitoring areas affected by drought.
This text was translated by machine from Brazilian Portuguese.