Wheat prices rose sharply in the US on Monday morning.

At 9:49 am (Brasilia time) this Monday (11), the July wheat contract traded on Chicago Board of Trade (CBOT) It was trading sharply higher, up 8.75 points and 1.41%, quoted at US$ cents 627.75/bushel. Kansas City Bank Exchange (KCBT)The grain rose 7.50 points and 1.11%, to US$ cents 683.25/bushel. On Friday (8), cereal futures rose 1.10% in CBOT and 1.27% in KCBT, quoted at 619.00/bushel and 675.75/bushel, respectively. On the other hand, during the week, the assets depreciated by 2.94% and 2.70%, respectively. This morning, cereal prices were driven by… rise in crude oil prices – what affects the markets of North American agricultural commodities – as well as by adverse weather conditions in the main producing regions in the United StatesAccording to US National Weather Servicenew alerts for forest fires and low air humidity They were issued in the northern Plains region. Some states, such as North Dakota and the Nebraska They can also experience strong gusts of wind. Still on the subject of climate, independent analysts assess that the recent rains in the US have not been able to reverse the… Drought damage to winter wheat crops In recent weeks, the market is operating in a wait-and-see mode. weekly grain shipment data as well as US farming conditionsTomorrow (12), the monthly supply and demand report (Wasdeof United States Department of Agriculture (USDA) It is scheduled to be released at 1 PM.

This text was translated by machine from Brazilian Portuguese.