Wheat ends slightly higher in the US on Tuesday.

The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (24) with a slight increase of 2.25 points and 0.38%, quoted at US$ cents 590.00/bushel. In  Kansas City Bank Exchange (KCBT)The contract for the same month rose 0.75 points and 0.12%, to US$ 604.00 cents/bushel. In this trading session, cereal prices were driven by the increase in geopolitical tensions in the Middle Eastbetween United States, Israel and IranMarket participants monitor the Interruption in the flow of fertilizer production via the Strait of Hormuz.which is also influencing prices. Analysts also believe that the recent increase in Russian wheat prices It has also made it more competitive. North American cereal. To the adverse weather conditions in US producing regions They also provided support for prices. According to the climate report from U.S. Department of Agriculture (USDA), in the plains, the dry weather Temperatures are above normal for the period.…with particular emphasis on the region of the great plains. In the farmlands, some fields of winter wheat are showing increasing signs of stress, related to decrease in soil moisture reserves and to damage caused ​​due to freezing without the proper protective layer of snow.whether it's due to last week's cold wave or the Arctic winter cold wave.

This text was translated by machine from Brazilian Portuguese.