The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (15) with a slight advance of 1.75 points and 0.30%, quoted at US$ cents 593.75/bushel. In Kansas City Bank Exchange (KCBT)Meanwhile, the contract for the same month fell 2.75 points and 0.44%, to US$ cents 625.50/bushel. For the week, wheat futures have accumulated partial gains of 3.98%. CBOT and 5.88% in KCBTIn this trading session, cereal prices were supported by Continued dry weather and drought in winter wheat-producing regions of the United States.According to U.S. Department of Agriculture (USDA), in the Plains, the Soil moisture was rated as at least 50% very low or low across the entire region.The only exception was the state of North Dakota. In the Great Plains, the impacts related to dry include significant stress in winter wheat pastures and crops, as well as a high threat of forest firesOn the radar for Thursday, investors are awaiting the weekly export sales report from… USDAIn addition to updating the drought map for North American crops, the report Drought Monitor.
This text was translated by machine from Brazilian Portuguese.