Wheat prices fell moderately in the US on Monday morning.

At 9:38 am (Brasilia time) this Monday (23), the May wheat contract traded on Chicago Board of Trade (CBOT) It was registering a moderate decrease of 4.75 points and 0.80%, quoted at US$ cents 590.50/bushel. Kansas City Bank Exchange (KCBT)The grain fell 3.50 points and 0.58%, to US$ cents 602.75/bushel. On Friday (20), the cereal fell 2.10% in CBOT and 3.35% in KCBT, quoted at US$ 595.25/bushel and US$ 606.25 cents/bushel, respectively. For the week, futures registered broad declines of 3.01% and 3.77%, in that order. This morning, cereal prices were under pressure following the announcement of… President of the United States, Donald Trump, for the Postponement of new attacks in the Persian Gulf and by progress on “productive negotiations” with IranA fall in crude oil price, influenced by negotiations between the two countries, also contributed to the negative bias of agricultural commodityLarger losses were limited by investor concerns about… Adverse weather conditions in winter wheat-producing regions of the USA.According to US National Weather Servicethe southern plains should register record heat as it increases risk of forest fires in the region. States like Oklahoma, Texas, Kansas, and Colorado are on alert.

This text was translated by machine from Brazilian Portuguese.