Wheat prices fell moderately in the US on Monday morning.

At 9:39 am (Brasilia time) this Monday (30), the May wheat contract traded on Chicago Board of Trade (CBOT) It was registering a moderate decrease of 5.75 points and 0.95%, quoted at US$ cents 599.25/bushel. Kansas City Bank Exchange (KCBT)The grain fell 9.50 points and 1.50%, to US$ cents 623.25/bushel. On Friday (27), the cereal closed stable at CBOT and rose 0.96% in KCBT, quoted at US$605.00/bushel and US$632.75 cents/bushel, respectively. For the week, futures registered gains of 1.64% and 4.37%, in that order. This morning, cereal prices were pressured by diminishing weather concerns. in the wheat-producing regions of the United StatesAccording to analysts, rain is forecast for this week in grain-growing regions. On the other hand, regarding the weather, the… The US National Weather Service still predicts adverse weather conditions in the country's producing regionsDry weather, with low air humidity, will persist across much of western Nebraska and parts of the southern plains. Greater losses were avoided by the feeling of uncertainty and risk generated. through the war between United States and Israel against Iran, due to the risk of an intensification in the participation of the radical group Houthisof Yemen, if they get involved in the conflict. Furthermore, the inconclusive ceasefire negotiations also prevent greater losses. Tomorrow (31), investors await the release of estimates of planted area in the USA by the Department of Agriculture (USDA)which should bring new directions to the grain market.

This text was translated by machine from Brazilian Portuguese.