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

At 9:47 am (Brasilia time) this Monday (8), the July wheat contract traded on Chicago Board of Trade (CBOT) It was operating with a slight decrease of 0.75 points and 0.13%, quoted at US$ cents 579.25/bushel. On the other hand, in Kansas City Bank Exchange (KCBT)The grain rose 4.25 points and 0.68%, to US$ cents 625.00/bushel. On Friday (5), cereal futures closed in opposite directions: with a drop of 0.30% in CBOT and upward bias (+0.08%) in KCBT, quoted at 580.00/bushel and 620.75/bushel, respectively. During the week, the assets depreciated by 5.00% and 4.46%, respectively. This morning, cereal prices were pressured by… ample global supply of the grain in international markets, mainly due to commodities originating from countries of Eastern EuropeIn the field, the Progress on harvesting in the United States. It also exerted pressure on prices. However, the extreme weather conditions They limited greater losses. According to US National Weather ServiceHeavy rain and severe storms are expected in the North American Plains. There is a possibility of frequent lightning, strong wind gusts, hail, and tornadoes. On investors' radar, the U.S. Department of Agriculture (USDA) The company will release its weekly wheat shipment reports later today, along with updates on the development stages and conditions of U.S. crops.

This text was translated by machine from Brazilian Portuguese.