Wheat prices ended sharply higher in the US on Wednesday.

The March wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (18) with a significant increase of 14.50 points and 2.46%, quoted at US$ cents 604.25/bushel, however, with a partial loss of 1.55% for the week. In Kansas City Bank Exchange (KCBT)Wheat prices rose 19.25 points and 3.17%, to US$ 626.00 cents/bushel – but with a cumulative weekly decline of 0.63%. In this trading session, prices were driven by market participants’ concerns about dry weather in winter wheat-producing regions on the plains of the United States. According to… daily weather bulletin of U.S. Department of Agriculture (USDA)With the exception of the Dakotas, the plains states experience a hot and dry climate, particularly high temperatures in southeastern Montana in the southern half of the Great Plains. USDA It also warns of new risks of wildfires in planted areas, particularly in western Nebraska, where approximately 280,000 hectares have already burned in the last week. Investors remain attentive to the possibility of a delay to the next meeting in [location missing from original text]. Donald Trump and Xi JinpingIn addition, the market is monitoring updates on the military conflict in the Middle East.

This text was translated by machine from Brazilian Portuguese.