Wheat prices rose sharply in the US on Wednesday morning.

At 9:53 am (Brasilia time) this Wednesday (17), the July wheat contract traded on Chicago Board of Trade (CBOT) It recorded a significant increase of 13.00 points and 2.18%, quoted at US$ 609.00 cents/bushel. Kansas City Bank Exchange (KCBT)Meanwhile, the contract expiring in the same month advanced 9.00 points and 1.42%, to US$ cents 642.75/bushel. For the week, contracts registered partial gains of 4.19%. CBOT and 1.30% in KCBTOn the previous day (17), the wheat contract advanced 1.06% in CBOT, at US$ cents 596.00/bushel. On the other hand, in KCBTThe cereal closed down 0.98%, at US$ cents 633.75/bushel. This morning, cereal prices were driven by… adverse weather conditions in the producing regions of wheat us United StatesAccording to US National Weather Service (NWS)Dry weather, accompanied by strong gusts of wind, persists across much of Nebraska, and excessive heat moves toward the southern plains. According to data from Drought Monitor, released by United States Department of Agriculture (USDA)a extreme drought It still covers a large part of the grain-producing states, such as Nebraska (50% of the areas affected by the drought), Colorado (36%) and Oklahoma (31%). In addition to heat wavea international demand This also supports prices. Investors are awaiting the results of a possible… import tender carried out by Algeria today.

This text was translated by machine from Brazilian Portuguese.