Image: Pixabay
At 8:46 am (Brasília time) this Thursday (31), the May wheat contract on the Chicago Stock Exchange (CBOT) advanced 1.25 points and 0.12%, traded at US$ cents 1,028.50/bushel, with monthly appreciation of 10,22% to date. In Kansas City (KCBT), the spot appreciated 0.50 points and 0.05%, at US$ cents 1,045.00/bushel – an increase of 9.84% in the month.
On Wednesday (30), the cereal spot rose 1.28% on CBOT and 1.95% on KCBT. Support for the war in Eastern Europe, despite attempts to reach an agreement between Russia and Ukraine – together, they are responsible for 30% of the global commercialization of the commodity.
In this session, investors await the quarterly planting area and stocks reports, which will be released today, at 1 pm, by the North American Department of Agriculture (USDA, in English).
{module Form RD}
Experts expect the body to identify 19.40 million hectares; in 2021, 18.90 million ha were cultivated.
However, quarterly wheat stocks on March 1 are expected to reach 28.30 million tons, compared to 35.68 million tons last year – a factor that supports prices.
USDA will also report export sales records for the week ending March 24.
Information about the behavior of the global financial market, the war in Ukraine and international demand remains on the radar.
Source: DATA
