Wheat futures closed with significant losses in the US on Wednesday.

The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (8) with a significant drop of 17.75 points and 2.97%, quoted at US$ cents 580.25/bushel. In  Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month fell 12.25 points and 2.02%, to US$ cents 595.25/bushel. For the week, wheat futures accumulated partial losses of 3.01%. CBOT and 3.33% in KCBTIn this trading session, cereal prices were pressured by… fall in crude oil prices after the disclosure of Two-week ceasefire between the United States and IranFurthermore, wheat contracts also came under pressure from Improved weather conditions in parts of the wheat-producing regions of the United States.In the plains, according to the daily climate bulletin of U.S. Department of Agriculture (USDA)Rain showers – accompanied by gusts of wind – prevail in parts of Montana and of DakotasHowever, in the southern half of the Great Plains, the Hot, dry weather is reducing soil moisture. in winter wheat cropsOn April 5th, the agricultural regions of Colorado and Nebraska They were the most affected by the drought. On the radar, investors are also awaiting the release of… monthly supply and demand report (Wasde) of USDA, scheduled for tomorrow (9), which may bring new drivers to the global grain market.

This text was translated by machine from Brazilian Portuguese.