Wheat: Argentina expects to produce 20 million tons

According to the analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), referring to the week of August 29 to September 4 and published this Thursday (4), the price of wheat registered a drop in Chicago. The first month's contract closed on Thursday at US$ 5.02 per bushel, down from US$ 5.10 the previous week. According to Ceema, the August average closed at US$ 5.08 per bushel, a 5.9% decrease from July. Compared to August 2024, the reduction was 3.6%. "The market remained pressured at the beginning of September, reflecting international supply conditions," the report highlighted. In the United States, the Department of Agriculture (USDA) reported that, on August 31, the winter wheat harvest was completed, while spring wheat reached 72% of the harvested area, slightly above the historical average of 71% for the same date. In Argentina, recent rains favored the wheat fields, leaving 99.5% of the crops in normal to excellent conditions. ...