Wheat prices fell on Wednesday morning in the US.

At 9:48 am (Brasilia time) this Wednesday (15), the May wheat contract traded on Chicago Board of Trade (CBOT) It recorded a moderate decline of 3.25 points and 0.55%, quoted at US$ cents 588.75/bushel, however, with an advance of 3.20% in the partial week. Kansas City Bank Exchange (KCBT)The grain fell 2.50 points and 0.40%, to US$ cents 620.25/bushel – but with a partial weekly advance of 4.99%. Yesterday (14), the cereal closed up 1.67% in CBOT and 3.23% in KCBT, quoted at US$ 592.00/bushel and US$ 622.75 cents/bushel, respectively. This morning, cereal prices were pressured by a profit-taking market movement after consecutive days of increases. In RussiaBased on data released yesterday by the Russian government, Approximately 97% of the country's winter wheat crop is in good condition.. Furthermore, The Kremlin added an export quota of another 5 million tons of the grain.Larger losses were limited by adverse weather conditions in the producing regions of the United StatesAccording to US National Weather ServiceThe forecast is for dry weather and low humidity in South Dakota and Nebraska. Investors are closely monitoring the situation. geopolitical tensions in the Middle Eastespecially in Strait of HormuzThe day before, US President Donald Trump, announced a blockade of Iranian ports in the region.

This text was translated by machine from Brazilian Portuguese.