Wheat prices fell more than 3% in the US on Wednesday.

The May wheat contract traded in Chicago Board of Trade (CBOT) It closed this Wednesday (1st) with a significant drop of 18.75 points and 3.04%, quoted at US$ cents 597.50/bushel. In Kansas City Bank Exchange (KCBT)The contract for the same month fell 21.75 points and 3.42% and 1.48%, to US$ cents 613.75/bushel. For the week, wheat futures accumulated partial losses of 1.24%. CBOT and 3.00% in KCBTIn this trading session, cereal prices were pressured by statements from… President of the United States, Donald Trumpthat the war against the Iran It will end soon, which has affected the prices of crude oil and of North American agricultural commoditiesFurthermore, the Reduced concerns about the climate in US producing regions. It also put pressure on prices. According to the daily climate bulletin from U.S. Department of Agriculture (USDA)In the plains, sporadic snowfalls are occurring while rain is forecast for regions severely affected by drought. Major losses were limited by the data from… quarterly inventories and of cereal planting area, on March 1st, of U.S. Department of Agriculture (USDA)Both results came in below market projections. According to… USDA, you stocks of wheat They totaled 35.38 million tons, a considerable drop from the 45.64 million tons in the previous report. Furthermore, the crop planting area It was also reduced, from 18.30 million hectares in the last report to 17.73 million hectares.

This text was translated by machine from Brazilian Portuguese.