At 9:25 am (Brasilia time) this Monday (16), the May wheat contract traded on Chicago Board of Trade (CBOT) It was down slightly by 2.00 points and 0.33%, quoted at US$ cents 611.75/bushel. Conversely, in Kansas City Bank Exchange (KCBT)The grain advanced 5.50 points and 0.87%, to US$ cents 635.50/bushel. On Friday (13), the cereal rose 2.55% in CBOT and 2.69% in KCBTThe price of corn is quoted at US$613.75/bushel and US$630.00/bushel, respectively. For the week, futures moved in opposite directions, falling 0.49% and rising 1.04%, respectively. This morning, prices for the grain and other agricultural commodities in the United States were under pressure due to the possible postponement of the next meeting between President Donald Trump and Chinese leader Xi Jinping regarding new trade agreements at the end of this month. According to analysts, Trump's talk of a possible delay is a way to pressure Beijing to assist in negotiations to unblock the Strait of Hormuz, a region responsible for transporting about 20% of global oil and natural gas. On the other hand, wheat prices in the US received some support from market movements by investors speculating on an increase in prices for the grain and other crops in the coming days, according to data from the weekly report. Commitment of Traders from the Commodity Futures Trading CommissionIn the weather field, according to the National Weather Service of the United States, blizzard warnings have been issued for producing regions in the states of Iowa, Wisconsin, and Illinois. The large amounts of snow are also expected to affect roads, impacting road logistics in the region.
This text was translated by machine from Brazilian Portuguese.