The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Thursday (19) with a moderate increase of 3.75 points and 0.62%, quoted at US$ cents 608.00/bushel, however, with a partial decline in the week of 0.94%. In Kansas City Bank Exchange (KCBT)Wheat prices rose 1.25 points and 0.20%, to US$ 627.25 cents/bushel – a weekly loss of 0.44%. In this trading session, prices were supported by extreme weather conditions in winter wheat-producing regions of the United States. According to… weather bulletin of U.S. Department of Agriculture (USDA)In the plains, dry weather accompanies record heat, with Texas registering the highest temperatures in the region. Furthermore, strong winds and low humidity contribute to the increase in… threat of forest fires in eastern Wyoming and parts of neighboring states. Still on the subject of climate, the report Drought Monitor of USDA reported that the drought conditions in winter wheat crops they remained in 55% of the cultivated area in the last week. In the annual comparison, however, the regions affected by the drought have increased. 21 percentage pointsNo Middle Eastthe recent attacks on oil and gas facilities in the Gulf region Persian and the interruption of the flow of nitrogen fertilizer exports through the Strait of Hormuz also contributed to the positive bias of agricultural commodities in USA.
This text was translated by machine from Brazilian Portuguese.