At 9:52 am (Brasilia time) this Wednesday (3), the July wheat contract traded on Chicago Board of Trade (CBOT) It was registering a slight increase of 2.75 points and 0.46%, quoted at US$ cents 605.75/bushel. Kansas City Bank Exchange (KCBT), the same month's expiration advanced 1.00 point and 0.16%, to US$ cents 635.75/bushel. However, in the partial week, the assets accumulate losses of 0.78% and 2.15%, in that order. On the previous day (2), the wheat contract retreated 0.94% in CBOT, at US$ cents 603.00/bushel. Already in KCBTThe cereal closed down 1.89%, at US$ 634.75 cents/bushel. This morning, cereal prices were supported by a profit-taking movement, given the fall in wheat prices in previous sessions. However, the Recent rains in the southern plains of the United States. They avoided greater gains. According to the US National Weather ServiceMore rainfall is also expected in the states of Kansas, Texas and of OklahomaIn the field, according to data released yesterday by U.S. Department of Agriculture (USDA)87% of winter wheat crops have already reached the heading stage, a weekly increase of nine percentage points. At the same time last year, the rate was 83%, while the average for the last five years is 79%. Despite the progress in crop development, only 26% of the areas were classified as good or excellent, a percentage that remained stable compared to the previous week, but much lower than the 52% observed during the same period of the previous season. winter wheat harvest It also began to gain momentum, reaching 5% of the cultivated area, above the 3% recorded in the same period last year. In the case of spring wheatPlanting has reached 94% of the planned area, above the historical average of 89% and in line with the figure recorded a year ago. Furthermore, 72% of the crops have already emerged, exceeding the five-year average of 67%.
This text was translated by machine from Brazilian Portuguese.