Wheat prices ended Friday lower in the US.

The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Friday (24) with a slight drop of 2.50 points and 0.41%, quoted at US$ cents 608.25/bushel. In Kansas City Bank Exchange (KCBT)The grain fell 7.75 points and 1.16%, to US$ cents 659.00/bushel. However, on a weekly basis, the contracts accumulated significant gains of 2.88%. CBOT and 3.49% in KCBTIn this trading session, cereal prices were pressured by… easing geopolitical tensions in the Middle EastGrain prices also remain sensitive to oil price volatility, who also fell before the expectation for end of the conflict between the United States and IranFurthermore, wheat prices also came under pressure from… New forecasts from independent analysts predict more rain in the coming days. nThe North American plains region.

Larger losses were limited by persistent drought which continues to affect the regions of winter wheat farming in the USA in recent weeks. According to the report Drought Monitor of U.S. Department of Agriculture (USDA)In the plains, temperatures remain above normal for this time of year, with dry weather affecting the crops. 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 DakotaAccording to the climate bulletin of USDAIn the plains, the wave of severe weather the previous day caused scattered damage from wind and hail from north-central Oklahoma up to the eastern regions of Kansas and NebraskaIn the Great Plains, there was also an increase in risk of forest firesin addition to significant stress in pastures and winter wheat fields. For Monday (27), 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.