At 8:55 am (Brasília time) on Friday (22), the March contract for wheat on the Chicago Stock Exchange (CBOT, in the acronym and English) showed a strong decrease of 15.75 points and 2.38%, traded to US$ cents 645.00 / bushel; on the Kansas Stock Exchange (KBCT), American cereal plummeted 11.25 points and 1.77%, quoted at $ 624.50 / bushel. Traders are still hesitant about the economic policy of the new American government, installed on Wednesday (20). President Joe Biden is expected to soon sanction a trillion dollar stimulus package for the U.S. economy to mitigate the damage caused by the Covid-19 pandemic. However, part of the market sees this measure with fear, fearing a significant increase in taxes.
This text was translated by machine from Brazilian Portuguese.