Wheat crops registered heavy losses in the US on Thursday morning.

At 9:45 am (Brasilia time) this Thursday (7), the July wheat contract traded on Chicago Board of Trade (CBOT) It was operating with a sharp decline of 6.25 points and 1.01%, quoted at US$ cents 611.00/bushel. Kansas City Bank Exchange (KCBT)The grain fell 13.50 points and 1.97%, to US$ cents 673.50/bushel. For the week, futures accumulated partial losses of 4.27%. CBOT and 3.13% in KCBT. On the eve (6), cereal quotations recorded losses of 1.67% in CBOT and 0.43% in KCBT, quoted at 617.25/bushel and 687.00/bushel, respectively. This morning, cereal prices were pressured by independent analysts' forecasts for New rains over farmland previously affected by drought in the United States.Furthermore, the agricultural commodities market remains under pressure from Lower crude oil pricesLarger losses were limited by damage caused by severe frosts to wheat crops in the main North American producing regions. According to US National Weather Servicethe states of Kansas – the largest cereal-producing state in the country –, Oklahoma and Texas were hit by low temperatures and freezing from the winter crop fieldsIn international markets, according to Reuters, this Wednesday (6), the Algeria's state grain agency closed one new international tender for the purchase of a volume of 390,000 to 420,000 tons of ground wheatLater, the USDA will publish weekly export sales records and Drought Monitorwhich will provide new clues about the drought in winter wheat crops American.

This text was translated by machine from Brazilian Portuguese.