Wheat prices fell sharply on Wednesday morning in the US.

At 9:40 am (Brasilia time) this Wednesday (8), the May wheat contract traded on Chicago Board of Trade (CBOT) It recorded a significant drop of 18.50 points and 3.09%, quoted at US$ cents 579.50/bushel, with a decline of 3.18% in the partial week. Kansas City Bank Exchange (KCBT)The grain fell 17.00 points and 2.80%, to US$ cents 590.50/bushel – with a partial weekly loss of 4.10%. Yesterday (7), the cereal closed up 0.46% in CBOT and with a decline of 0.12% in KCBT, quoted at US$ 598.00/bushel and US$ 607.50 cents/bushel, respectively. This morning, cereal prices were pressured by… fall in crude oil and other agricultural commodities. after an announcement of ceasefire in the war between the United States and IranIn the early hours of this morning. The US attacks will be suspended for two weeks. and during this period White House and Tehran negotiations to end the military conflict are expected to begin this Friday (10) in Islamabad, capital of PakistanAnother point of attention for investors is the weather conditions in US producing regions. With rain and low temperatures in the North American plainsthe US National Weather Service It also informs of the possibility strong gusts of wind in agricultural areasmainly in the states of North Dakota and from South DakotaNo Eastern Europea Argus raised its projection of wheat production in Russia of 86.5 million tons to 88.7 million tons in season 2026/27On the radar, investors are also awaiting the release of monthly supply and demand report (Wasdeof USDA, scheduled for Thursday (9), which may bring new drivers to the global grain market.

This text was translated by machine from Brazilian Portuguese.