Wheat prices rose sharply on Thursday morning in the US.

At 9:30 am (Brasilia time) this Thursday (16), the May wheat contract traded on Chicago Board of Trade (CBOT) It was trading sharply higher, up 6.00 points and 1.01%, quoted at US$ cents 599.75/bushel, with a gain of 5.04% for the week so far. Kansas City Bank Exchange (KCBT)The grain rose 13.50 points and 2.16%, to US$ cents 639.00/bushel, with a partial weekly advance of 8.17%. On the previous day (15), the cereal futures advanced 0.30% in CBOT and 0.44% in KCBT, quoted at 593.75/bushel and 625.50/bushel, respectively. This morning, cereal prices were driven by Alarming levels of drought and water scarcity in winter wheat-producing regions of the North American plains.According to US National Weather Servicethe states of Oklahoma and Kansas are the most affected by drought affecting more than 50% from their grain planting areasRed flag alerts have been issued due to… high risk of forest fires, due to low air humidity and strong gusts of windThe meteorological agency is closely monitoring the center of Minnesota to the west of TexasAnalysts also monitor the Indirect effects of the disruption of fertilizer flows from the Middle East to the United States. about North American winter cropOn the radar, investors are awaiting the release today of the weekly export sales report. USDAIn addition to updating the drought map for North American crops, the report Drought Monitor.

This text was translated by machine from Brazilian Portuguese.