Wheat prices in the US registered losses on Monday morning.

At 9:44 am (Brasilia time) this Monday (4), the July wheat contract traded on Chicago Board of Trade (CBOT) It was operating with a slight decrease of 4.25 points and 0.67%, quoted at US$ cents 633.50/bushel. Kansas City Bank Exchange (KCBT)The grain fell 8.50 points and 1.22%, to US$ cents 686.00/bushel. On Friday (1st), the cereal futures rose 0.16% both CBOT how much KCBT, quoted at 637.75/bushel and 694.50/bushel, respectively. Both assets closed the previous week with accumulated gains of 3.40% and 3.70%, respectively. This morning, cereal prices were pressured by improved weather conditions in the North American plains regionAccording to United States National Weather Service, there is Rain forecast for the Central-West region. of the country. In addition, a cold front It is expected in states like Texas and parts of the Lower Mississippi Valley. Larger losses were limited by… risk of wheat shortage as a result of Drought and persistent water scarcity in the main producing regions. of the cereal in United StatesStill in the US, the Uncertainty in the progress of peace negotiations with Iran. – which would end the blockade to Strait of Hormuz – provided support for the quotations of crude oil and of US agricultural commoditiesIn AustraliaAnalysts also monitor the severe drought which is affecting the country's wheat crops, one of the world's leading producers of the grain. On Monday (4), investors await the release of the crop progress report. U.S. Department of Agriculture (USDA).

This text was translated by machine from Brazilian Portuguese.