At 9:38 am (Brasilia time) this Thursday (30), the May wheat contract traded on Chicago Board of Trade (CBOT) It was operating with a sharp decline of 8.50 points and 1.32%, quoted at US$ cents 633.75/bushel. Kansas City Bank Exchange (KCBT)The grain fell 7.25 points and 1.05%, to US$ cents 683.00/bushel. On the other hand, for the week, futures have accumulated partial gains of 4.19%. CBOT and 3.64% in KCBTIn the monthly breakdown, wages also show an increase of 2.84%. CBOT and 7.47% in KCBT. On the eve (29), cereal quotations recorded losses of 1.04% in CBOT and 0.93% in KCBT, quoted at 642.25/bushel and 690.25/bushel, respectively. This morning, cereal prices were pressured by both a profit-taking move, due to the rise in prices in recent days. Furthermore, the improved weather conditions in wheat-growing regions in the States United It also exerted pressure on futures. According to US National Weather Service, widespread and persistent rainfall will continue in Texas and in southern plains These events continue throughout the day. Some regions may also experience a decrease in temperatures. Furthermore, prices were also pressured by… Stricter controls on wheat imports from IndonesiaThe The country is one of the world's largest importers of the grain. And the new legislation could reduce the inflow of shipments of both grain and co-products, such as… animal feed. To the New rules will come into effect starting May 8th.The market is still awaiting the release of the weekly export sales report for today. U.S. Department of Agriculture (USDA).
This text was translated by machine from Brazilian Portuguese.