The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Monday (16) with a significant drop of 16.50 points and 2.69%, quoted at US$ cents 597.25/bushel. In Kansas City Bank Exchange (KCBT)The contract for the same month fell 13.50 points and 2.14%, to US$ cents 616.50/bushel. In this trading session, prices were pressured by the possible delay of the next meeting between Donald Trump and Xi Jinping, at the end of this month of March. Yesterday (15), Trump stated that the summit to discuss new trade agreements with the President of China may be postponed, which affected the prices of agricultural commodities. According to analysts, this would be a tactic to pressure the Beijing government to help unblock the Strait of Hormuz, historically China is an ally and trading partner of Iran. In Russia, prices for Russian wheat exports rose to their highest level since August 2025. Shipments were driven by global demand for the cereal and the progress of harvesting in the country’s fields, which has benefited from good weather conditions in producing and port regions. As for US wheat exports, the United States Department of Agriculture (USDA) The U.S. released data today on wheat shipments for the week ending March 12. The U.S. exported 343,000 tons of wheat last week, a volume 31.2% lower than the previous week’s shipments (499,000 tons) and 30.8% lower than the same week last season (496,000 tons). Regarding weather, fresh snow is providing some insulation to winter wheat in producing regions of Montana and the Dakotas, according to the daily bulletin. USDA.
This text was translated by machine from Brazilian Portuguese.