Wheat prices recorded heavy losses on Monday morning in the US.

At 9:36 am (Brasilia time) this Monday (15), the July wheat contract traded on Chicago Board of Trade (CBOT) It was operating with a sharp decline of 11.25 points and 1.92%, quoted at US$ cents 573.25/bushel. Kansas City Bank Exchange (KCBT)The grain rose 10.75 points and 1.69%, to US$ cents 623.75/bushel. On Friday (12), cereal futures fell 0.38% in CBOT and 0.04% in KCBT, quoted at 584.50/bushel and 634.50/bushel, respectively. However, during the week, the assets appreciated by 0.78% and 2.22%, respectively. This morning, cereal prices were pressured by… global fall in oil prices, which exerts influence over the US agricultural commoditiesAfter the United States and the Iran reach a peace agreement, which should lead to the reopening of Strait of Hormuz – an important maritime route for the flow of exports in the region from the Middle EastFuel prices plummeted. Furthermore, in the climate field, the recent rainfall Prices in North American grain-producing regions are also putting pressure on prices. According to the US National Weather Servicestates such as Missouri and the Kansas – the main wheat-producing state in the country – recorded heavy rains over the weekend. However, other farming regions continue to be affected by… dry climate and for strong gusts of windlike the NebraskaAccording to the agency, there are risk of forest fire outbreaks in the wheat fields. Even today, the U.S. Department of Agriculture (USDA) will release its weekly reports on export shipments and U.S. crop conditions.

This text was translated by machine from Brazilian Portuguese.