Wheat prices fell in the US on Tuesday morning.

At 9:54 am (Brasilia time) this Tuesday (26), the July wheat contract traded on Chicago Board of Trade (CBOT) It was registering a moderate decrease of 3.75 points and 0.58%, quoted at US$ cents 642.50/bushel. Kansas City Bank Exchange (KCBT), the same month's expiration retreated 0.75 points and 0.11%, to US$ cents 681.25/bushel. On Friday (22), the wheat contract fell 0.19% in CBOT, at US$ cents 646.25/bushel. In KCBTThe cereal registered a decline of 0.73%, to US$ cents 682.00/bushel. Trading was suspended yesterday (25) due to the holiday. Memorial Day us United StatesThis morning, cereal prices were under pressure from… Improved weather conditions in winter wheat growing regions in the US.According to independent analysts, Good levels of rainfall have been reaching the cereal planting areas.which were drastically affected by the drought in recent weeksFurthermore, there is Rainfall is also forecast for the coming days.A wide global offer This also puts pressure on wheat prices.The market is evaluating the influx of new grain harvests from major grain-producing countries in the Northern Hemisphere, like those of Eastern EuropeFurthermore, the recent announcement that the The Argentine government will reduce export taxes on grains (retentions) This also contributed to the negative bias. However, greater losses were avoided by the warnings of low relative humidity and strong gusts of wind – which contributes to forest fire outbreaks – in agricultural regions that have not benefited from rainfall, such as in the states of Montana and from North Dakotaaccording to US National Weather Service.

This text was translated by machine from Brazilian Portuguese.