Wheat prices rose in the US on Tuesday morning.

At 9:36 am (Brasilia time) this Tuesday (14), the May wheat contract traded on Chicago Board of Trade (CBOT) It was registering a slight increase of 2.00 points and 0.34%, quoted at US$ cents 584.25/bushel. Kansas City Bank Exchange (KCBT)The same month's contract advanced 5.25 points and 0.87%, to US$ cents 608.50/bushel. On the previous day (13), the wheat contract rose 1.97% in CBOT, at US$ cents 582.25/bushel. In KCBTThe cereal registered gains of 2.12%, to US$ cents 603.25/bushel. This morning, cereal prices were benefiting from… Continued drought affects winter wheat crops in the United States.Just like the Strong international demand which also provided price support. According to the US National Weather Service, from the south of Nebraska to the far north of TexasThe alerts for forest fires remain in effect. In addition to the… high temperatures and the dry climateStrong gusts of wind are being recorded in the region. Today, the U.S. Department of Agriculture (USDA) [The text] released its report on the stages and conditions of North American crops. Currently, only 34% of winter wheat crops are in good condition.…a decrease compared to the previous week. Regarding crop development, 11% of the crops reached the heading stage (weekly progress of 4 pp), compared to 8% in the same period of the last harvest and 7% on average over the last five years. As for planting… spring wheat Planting reached 6% of the projected area – the same pace seen in the previous cycle – after advancing 4 percentage points in one week. The average planting rate over the last five years was 7%. Regarding international demand, the… U.S. Department of Agriculture (USDA) released the data yesterday weekly shipments wheat Regarding the week ending April 9th, the United States exported 321,000 tons during that period – a volume in line with market expectations of between 300,000 and 500,000 tons. Investors remain attentive to the possibility of a diplomatic solution to the war between [the United States and the United States]. United States and Iran, which can influence the prices of oil and agricultural commodities in the United States.

This text was translated by machine from Brazilian Portuguese.