Wheat prices fell sharply on Wednesday morning in the US.

At 9:41 am (Brasilia time) this Wednesday (1), the May wheat contract traded on Chicago Board of Trade (CBOT) It was registering a sharp drop of 12.25 points and 1.99%, quoted at US$ 604.00 cents/bushel, with a decline of 0.21% in the partial week. Kansas City Bank Exchange (KCBT)The grain fell 14.75 points and 2.32%, to US$ cents 620.75/bushel – with a partial weekly loss of 1.90%. Yesterday (31), the cereal closed up 1.52% in CBOT and 1.48% in KCBT, quoted at US$ 616.25/bushel and US$ 635.50 cents/bushel, respectively. This morning, cereal prices were pressured by fall in crude oil pricesafter the President of the United States, Donald Trump, to assert that the country must end its military attacks on Iran in two to three weeks. Analysts are also awaiting further updates on the conflict during the upcoming address to the US nation on Wednesday. In the climate field, the US National Weather Service A winter storm warning was issued for states such as Wisconsin, North Dakota, and Minnesota. Snow and strong winds are also forecast for these regions. Major losses were limited by new data from… quarterly inventories and of cereal planting area, on March 1st, of U.S. Department of Agriculture (USDA)…because 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.