Wheat prices rose Thursday morning in the US.

At 9:36 am (Brasilia time) this Thursday (2), the May wheat contract traded on Chicago Board of Trade (CBOT) It was trading sharply higher, up 9.50 points and 1.59%, quoted at US$ 607.00 cents/bushel, with a gain of 0.29% so far this week. Kansas City Bank Exchange (KCBT)The grain rose 8.00 points and 1.30%, to US$ cents 621.75/bushel, however, with a partial weekly loss of 1.70%. On the previous day (1st), the cereal futures fell 3.04% in CBOT and 3.42% in KCBT, quoted at 597.50/bushel and 613.75/bushel, respectively. This morning, prices for the grain and other agricultural commodities were driven by rise in crude oil prices after the speech of president of the United States, Donald TrumpThe leader stated that the US would intensify attacks on Iran and the war would end within three weeks, which would reopen navigation in the Strait of HormuzOn the other hand, higher gains were limited by… Decreased concern about drought and water scarcity in winter wheat cropsIn the field of climate, the US National Weather Service It was reported that warnings have been issued in several regions of the country for severe winter storms, in states such as Montana and Wisconsin. Snow and hail are expected in producing regions. Later, the United States Department of Agriculture (USDA) will release export sales figures for the last week.

This text was translated by machine from Brazilian Portuguese.