Wheat prices fell in the US on Tuesday morning.

At 9:29 am (Brasilia time) this Tuesday (7), the May wheat contract traded on Chicago Board of Trade (CBOT) It was down slightly by 1.50 points and 0.25%, quoted at US$ cents 593.75/bushel. Kansas City Bank Exchange (KCBT)The same month's contract fell 2.75 points and 0.45%, to US$ cents 605.50/bushel. On the previous day (6), the wheat contract fell 0.50% in CBOT, at US$ cents 595.25/bushel. Already in KCBTThe grain fell 1.22%, to US$ cents 608.25/bushel. This morning, Rainfall in drought-affected producing regions in the United States These factors were putting pressure on cereal prices. In the southern plains of the US, wheat crops benefited from rain throughout the night. According to analysts, even today, Oklahoma and the Texas They should also receive rainfall. In the states of Nebraska, Iowa and MissouriWarnings have been issued for hail, frost, and snow. According to the US National Weather Servicelarge portions of Illinois They should also be affected by snow, favoring crops such as winter wheatOn the other hand, the International demand for US grain limited further losses.Yesterday, the USDA reported that the USA They exported 334,000 tons of wheat last week – a volume in line with market expectations of 300,000 to 500,000 tons. Investors are also awaiting the release of the monthly supply and demand report (Wasde) of USDA, scheduled for Thursday (9), which may bring new drivers to the global grain market.

This text was translated by machine from Brazilian Portuguese.