Wheat prices rose moderately in the US on Tuesday morning.

At 9:50 am (Brasilia time) this Tuesday (19), the July wheat contract traded on Chicago Board of Trade (CBOT) It recorded a moderate increase of 4.50 points and 0.68%, quoted at US$ cents 669.00/bushel. Kansas City Bank Exchange (KCBT)The same month's contract advanced 5.50 points and 0.78%, to US$ cents 709.25/bushel. On the previous day (18), the wheat contract rose 4.52% in CBOT, at US$ cents 664.50/bushel. In KCBTThe grain registered an advance of 2.29%, to US$ cents 703.75/bushel. This morning, domestic prices continued to benefit from new trade agreements between United States and ChinaThe The Asian country has pledged to buy approximately US$17 billion in US agricultural products. Despite Beijing not being one of the main markets of wheat of the USAThe cereal received support from the general advance of US agricultural commodities, like the soy and the cornA The drought continues in the winter wheat farming regions. It also provided support for price quotes. According to the U.S. Department of Agriculture (USDA), Only 27% of the US corn crop was in good or excellent condition. At the start of the week, a drop of 1 percentage point compared to the previous week. Kansas, the main producing state of wheat, 15% of the crop was considered to be in good condition as of this Sunday (17), a slight worsening compared to the previous week. The The same phenomenon occurred in the state of Oklahoma. (only 12% of the crop received the highest rating). Still on the subject of climate, the US National Weather Service It issued warnings for severe frosts in the North American Plains region, which are expected to extend from the Canadian border with North Dakota to the west of Nebraska

Larger gains were limited by Weakened international demandThe USDA released the data yesterday wheat shipments Regarding the week ending May 14th, shipments totaled 224,000 tons during that period. Shipments fell short of analysts' projections of between 300,000 and 500,000 tons. The market is awaiting the release of the weekly update… USDA about the conditions and stages of North American crops.

This text was translated by machine from Brazilian Portuguese.