Wheat prices rose Monday morning in the US.

At 9:45 am (Brasilia time) this Monday (1st), the July wheat contract traded on Chicago Board of Trade (CBOT) It was trading slightly higher, up 2.25 points and 0.37%, quoted at US$ cents 612.75/bushel. Kansas City Bank Exchange (KCBT)The grain rose 4.25 points and 0.65%, to US$ cents 654.00/bushel. On Friday (29), cereal futures fell 2.16% in CBOT and 2.33% in KCBT, quoted at 610.50/bushel and 649.75/bushel, respectively. During the week, the assets depreciated by 5.53% and 4.73%, respectively. In May, the contracts registered broad losses of 4.12%. CBOT and 6.31% in KCBT.

This morning, cereal prices were supported by rise in crude oil prices, which exerted influence over the US agricultural commoditiesThe fuel price fired after the Resumption of hostilities in the Middle Eastno conflict between the United States, Israel and IranLarger gains were limited by the recent improvement in weather conditions from the grain-producing regions in the US. According to independent analysts, the rainfall in the North American plains last week They eased concerns about the drought.The U.S. Department of Agriculture (USDA) It also provides rain showers for this afternoon and evening in the southern plains, the producing region of winter wheatOn the radar, investors are monitoring the release of weekly US shipping datain addition to updating the conditions and stages of US crops.

This text was translated by machine from Brazilian Portuguese.