The May wheat contract traded in Chicago Board of Trade (CBOT) closed this Monday (20) with a moderate increase of 5.75 points and 0.97%, quoted at US$ cents 597.00/bushel. However, in Kansas City Bank Exchange (KCBT)The contract for the same month fell 1.75 points and 0.27%, to US$ cents 635.00/bushel. In this trading session, cereal prices were supported by… Strong international demand by the North American commodity, as well as by Adverse weather conditions in winter wheat-producing regions of the United States.. Today, United States Department of Agriculture (USDA) This week, the company released wheat shipment data for the week ending April 16. According to USDAWheat shipments totaled 518,000 tons last week, exceeding market expectations of 350,000 tons. Regarding weather, the agency also reported that… critical drought conditions They persist in areas from Texas to eastern Kansas, the main winter wheat producing state. Furthermore, frosts These events occurred over the weekend in many of the driest areas, which is also detrimental to grain development. However, greater gains were avoided because beneficial rains for cereal crops that are falling in the rest of the state of Texas and surrounding areas.
This text was translated by machine from Brazilian Portuguese.