At 9:32 am (Brasilia time) this Tuesday (17), the May wheat contract traded on Chicago Board of Trade (CBOT) It is operating with a moderate decline of 3.50 points and 0.59%, quoted at US$ cents 593.75/bushel. Kansas City Bank Exchange (KCBT)The grain fell with the same intensity, to US$ cents 613.00/bushel. On the previous day (16), the contract traded on CBOT It closed down 16.50 points and 2.69%, quoted at US$ cents 597.25/bushel. KCBTThe same month's contract fell 13.50 points and 2.14%, to US$ cents 616.50/bushel. This morning, prices were pressured by improved weather conditions in producing regions of the United States and by the drop in wheat volumes shipped last week demand. According to the US National Weather Service, even with the dry weather, a snow band is expected to hit the North American plains, mainly in the Midwest region of the country, tomorrow (18). As for US wheat exports, the Department of Agriculture (USDA) Yesterday, data on wheat shipments was released for the week ending March 12. The US 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).
This text was translated by machine from Brazilian Portuguese.