Wheat is trading without a clear direction in the US this Monday morning.

At 9:43 am (Brasilia time) this Monday (27), the May wheat contract traded on Chicago Board of Trade (CBOT) It was operating with a slight increase of 1.75 points and 0.29%, quoted at US$ cents 610.00/bushel. On the other hand, in Kansas City Bank Exchange (KCBT)The grain fell 2.75 points and 0.42%, to US$ cents 656.25/bushel. In the last trading session (24), the cereal futures closed down 0.41% in CBOT and 1.16% in KCBT, quoted at 608.25/bushel and 659.00/bushel, respectively. However, in the weekly breakdown, the contracts accumulated significant gains of 2.88%. CBOT and 3.49% in KCBTThis morning, prices were supported by The drought continues in the main cereal-producing regions of the United States.According to Drought Monitor of U.S. Department of Agriculture (USDA), released last Thursday (23), temperatures in the North American plains remain above normal for the period, with dry weather over the winter wheat cropsA severe drought expanded across the central and southwestern regions KansasThe drought continues to affect the states of Wyoming and Colorado and the extreme drought has also reached the south of South DakotaRegarding international demand, the General Food Safety Authority (GFSA) of Saudi Arabia announced the purchase of 985,000 tons of wheat through an international tender. The grains were acquired from the region of Black Sea, European Union, Australia, South America and North AmericaHigher earnings were limited by Forecast, from independent analysts, of rainfall for wheat-growing areas., this week. Furthermore, easing of geopolitical tensions in the Middle East It also put pressure on prices. In Argentina, the truckers' strike in Port of Quequénin province of Buenos Aires, it was officially closed. Transporters and farmers have reached an agreement to increase freight rates by 16%., as a way to offset the high costs of shipping grain to the port region. Even today, the USDA It will release weekly shipment figures, as well as updates on the conditions and stages of North American crops.

This text was translated by machine from Brazilian Portuguese.