Wheat prices fell on Wednesday morning in the US.

At 9:59 am (Brasilia time) this Wednesday (20), the July wheat contract traded on Chicago Board of Trade (CBOT) It was down slightly by 2.50 points and 0.37%, quoted at US$ cents 664.75/bushel. Kansas City Bank Exchange (KCBT)The same month's contract fell 3.25 points and 0.46%, to US$ cents 700.50/bushel. On the other hand, in the partial week, the assets accumulated gains of 4.56% and 1.82%, in that order. On the previous day (19), the wheat contract advanced 0.41% in CBOT, at US$ cents 667.25/bushel. Already in KCBTThe cereal closed stable at US$ cents 703.75/bushel. This morning, cereal prices were pressured by… de-escalation of geopolitical tensions in the Middle Eastafter the President Donald Trump to state that the Iran wishes to reach a peace agreement with the United StatesThe announcement directly affected the crude oil pricewhich consequently exerts influence over the markets of US agricultural commoditiesGreater losses were avoided by adverse weather conditions in the wheat-growing regions of the USAAccording to U.S. Department of Agriculture (USDA)In the Plains, frost and freeze warnings were in effect early in the day across much of the region. Dakotas, extending to the north of NebraskaProducers are monitoring potential crop damage caused by freezing. Below-normal temperatures cover the rest of the country's central region, while light rain is developing in the Central Plains, an area heavily affected by drought. According to the survey by USDA carried out until last Sunday (17), only 27% of the country's winter wheat crops were classified as good or excellent. The index represents a drop of one percentage point compared to the previous week and represents the worst performance for this period of the year since 1996.

This text was translated by machine from Brazilian Portuguese.