Wheat closes high on US stocks

At the close of Tuesday (29), wheat on the Chicago Stock Exchange (CBOT) in March rose 4.25 points and 0.69%, quoted at US$ 618.50 / bushel. Wheat, on the Kansas Stock Exchange, at the same maturity, jumped 8 points and 1.39%, at $ cents 585.00 / bushel. Wheat futures followed in this session the expressive gains of more than 3% of soybeans and 2% in corn at CBOT with better expectations of demand for North American grains and the relationship between China and the USA. In addition, there was support with adjustment of positions on the day. On the other hand, weekly shipments of wheat from the United States totaled 304,000 tonnes until the 24th, according to the US Department of Agriculture (USDA). A drop of 22.45% compared to the previous week and about 43% below the average.

This text was translated by machine from Brazilian Portuguese.