Wheat market maintains downward trajectory

The international wheat market registered a new downward movement, mainly influenced by traders' attention to weather conditions and the technical behavior of financial positions, according to information from TF Agroeconômica. The scenario reinforces the negative trend observed since the beginning of the year, with prices testing recent lows in the main reference exchanges. In Chicago, the March contract for soft red winter (SRW) wheat closed trading down by 0.59%, with a decline of 3.75 cents per bushel, at $507.00. The May contract also closed lower, down 0.67%, with a loss of 3.50 cents, quoted at $518.50. In the Kansas market, hard red winter (HRW) wheat for March had a more pronounced depreciation, down 1.39%, or 7.25 cents per bushel, closing the day at $514.75. In Minneapolis, hard red spring (HRS) wheat for March fell 0.78%, equivalent to 4.50 cents, with a final price of $574.00 per bushel. In Europe, the price for milling wheat with March delivery on Euronext in Paris ...