Wheat ends with strong gains in the US on Monday.

The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (10) with a strong increase of 11.25 points and 1.97%, quoted at US$ cents 582.25/bushel. In  Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month advanced 12.50 points and 2.12%, to US$ cents 603.25/bushel. In this trading session, cereal prices were driven by… Strong international demand by the North American commodity, as well as by adverse weather conditions in wheat-producing regions of the United StatesThe U.S. Department of Agriculture (USDA) released today the data of weekly shipments wheat Regarding the week ending April 9th, the United States exported 321,000 tons during that period – a volume in line with market expectations of between 300,000 and 500,000 tons. In terms of climate, analysts assess that… Lack of rain in agricultural areas also benefited prices.only the state of Kansas Isolated rain showers were recorded in the surrounding area. According to the weather bulletin from… USDAIn the plains, high temperatures affected a large part of the states of Oklahoma and TexasAccording to the latest edition of Drought Monitor In the US, extreme drought covers 26% of Oklahoma and 28% of Texas. Furthermore, the rise in oil prices It also provided support for US wheat prices. Fuel prices rose sharply after… escalation of geopolitical tensions in the Middle East, after the announcement of blocking Strait of Hormuz on the part of Navy of the United StatesOn the radar, the market awaits the release of the report on the stages and conditions of North American crops. USDA.

This text was translated by machine from Brazilian Portuguese.