Wheat prices close mixed in the US on Monday.

The May wheat contract traded in Chicago Board of Trade (CBOT) closed this Monday (30) with a slight increase of 2.00 points and 0.33%, quoted at US$ cents 607.00/bushel. On the other hand, in Kansas City Bank Exchange (KCBT)The contract expiry for the same month fell 6.50 points and 1.03%, to US$ cents 626.25/bushel. In this trading session, prices were supported by the return of… Climate concerns in grain-producing areas in the United States.Analysts are also reassessing the rainfall forecast for the country, which will most likely not be enough to reverse the drought affecting crops. According to the daily climate bulletin… U.S. Department of Agriculture (USDA)In the plains, with a very hot and dry climate, a high threat of forest fires persists. Amid the ongoing drought, low humidity levels and strong winds also plague the winter wheat fields. Today, the USDA It also released its weekly report on wheat shipments from the United States.Regarding the week ending March 26th, the US exported 364,000 tons of wheat last week. The export volume was in line with market projections of between 300,000 and 500,000 tons. Further gains were limited by… Stabilization of Russian wheat export prices after a week of increases., making the country's cereal more competitive. Meanwhile, the consultancy Sovecon increased its estimate of Russian shipments, from 4.2 million tons to 4.5 million tons in March of this year. Tomorrow (31), investors await the release of estimates of planted area in the USA by the Department of Agriculture (USDA)which should bring new directions to the grain market.

This text was translated by machine from Brazilian Portuguese.