Wheat prices ended sharply higher in the US on Tuesday.

The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Tuesday (31) with a strong increase of 9.25 points and 1.52%, quoted at US$ cents 616.25/bushel. In  Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month rose by the same amount, 1.48%, to US$ cents 635.50/bushel. On a monthly basis, futures accumulated gains of 4.18%. CBOT and 9.47% in KCBTIn this trading session, cereal prices were boosted by new data from quarterly inventories, on March 1st, of United States Department of Agriculture (USDA)According to USDA, you stocks of wheat totaled 35.38 million tons, a considerable drop from the 45.64 million tons of the previous report. The volume came in below market projections. As for international demand, yesterday (30), 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. In terms of weather, the… USDA it predicts a dry climate predominant in the plains regions of the United StatesIn the central and southern plains, winter wheat crops continue to suffer from the drought. KansasIn one of the main grain-producing states, only 40% of the winter wheat was classified as being in good or excellent condition on March 29, a 58% drop compared to the previous month.

This text was translated by machine from Brazilian Portuguese.