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Wheat soars in US this morning

Posted by Rafael Moro

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Image: Pixabay

At 8:41 am (Brasília time) this Tuesday (5), the May wheat contract on the Chicago Stock Exchange (CBOT) shot up 45.75 points and 4.41%, quoted at US$ cents 1,083.50/bushel.

In Kansas City (KCBT) it advanced 45.00 points and 4.45%, at US$ cents 1,055.25/bushel. The day before (4), the May maturity of the cereal appreciated 2.62% on the CBOT and 2.44% on the KCBT.

The cereal continues to receive support from the war in Eastern Europe, which reaches its 41st day. The Ukrainian town of Bucha was the target of a massacre during occupation by Russian forces; around 410 bodies were found in territories near Kiev.

In the port city of Mariupol, Russian soldiers were seen collecting civilian bodies for a local morgue. Ukraine's President Volodymyr Zelensky said that negotiations with Russia should resume, but that they will be more difficult than previous ones.

This text was translated by machine from Brazilian Portuguese.