Wheat prices ended sharply higher in the US on Wednesday.

The March wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (25) with a strong increase of 7.75 points and 1.31%, quoted at US$ cents 597.75/bushel, with a gain of 0.42% for the week. Kansas City Bank Exchange (KCBT)The grain rose 13.75 points and 2.28%, to US$ cents 617.75/bushel – with a cumulative weekly gain of 1.90%. In this trading session, cereal prices were driven by… extreme weather conditions in the winter wheat producing regions in the United StatesAccording to daily weather bulletin of U.S. Department of Agriculture (USDA)Temperatures have returned to levels significantly above normal for this time of year in the plains. Due to the hot, dry conditions and low humidity levels, many areas of the plains are facing a high risk of wildfires. Furthermore, the assessment of crop conditions… winter wheat Things have gotten worse. For example, in the state of Kansas, only 46% of planting areas were rated as good to excellent on March 22, compared to 58% at the end of February. On the radar, investors continue to monitor the possibility of a… global fertilizer supply crisis, due to the interruption of the flow of exports via the Strait of Hormuz.

This text was translated by machine from Brazilian Portuguese.