Wheat prices rose slightly in the US on Tuesday morning.

At 9:28 am (Brasilia time) this Tuesday (24), the May wheat contract traded on Chicago Board of Trade (CBOT) It was registering a slight increase of 2.25 points and 0.38%, quoted at US$ cents 590.00/bushel. Kansas City Bank Exchange (KCBT)The grain advanced at the same intensity, to US$ cents 605.50/bushel. On the previous day (23), the contract traded on CBOT It closed down 7.50 points and 1.26%, quoted at US$ cents 587.75/bushel. KCBTMeanwhile, the contract for the same month fell 3.00 points and 0.49%, to US$ cents 603.25/bushel. This morning, cereal prices were supported by… Reduction in wheat planting area in Australiaas well as by Adverse weather conditions in the producing regions of the United States.

In Australiaaccording to Australian Department of Agricultural Economics and Resource Sciences (ABARES)the country’s farmers They will plant 11.8 million hectares (29.2 million acres) of wheat in the 2026-2027 season., a decrease compared to the 12.4 million hectares of the previous year. A ABARES He also reported that Production will fall to 33 million tons, compared to almost 36 million tons in 2025.According to analysts, the production cuts reflect the halted wheat shipments in the region of Strait of HormuzFurthermore, the maritime route also affected the delivery of supplies, such as fertilizersfor the farmers of Australia, one of the main wheat exporting countries. According to US National Weather ServiceWeather alerts have been issued for western Nebraska and eastern Wyoming due to persistent dry weather and low relative humidity. Additionally, strong wind gusts in the region are contributing to the… high risk of forest fires in the farming regions of winter wheatA Strong international demand for US grain. This also contributed to the positive bias. As reported yesterday by United States Department of Agriculture (USDA)The US exported 458,000 tons of wheat last week, a volume 33.4% higher than the 344,000 tons shipped the previous week. The volume shipped also exceeded market expectations., which projected shipments between 250,000 and 450,000 tons.

This text was translated by machine from Brazilian Portuguese.