North American wheat market grapples with adverse weather conditions

US wheat futures have largely strengthened since April 13 as persistent dry weather across key growing regions has raised concerns about potential crop damage. CBOT wheat futures for July rose 13.25 cents/bushel on the day to settle at 620.25 cents/bu on April 23, while Kansas City hard red winter wheat futures rallied 29.25 cents/bu to their highest level since June 2024 at 679.25 cents/bu. TheUS wheat futures have largely strengthened since April 13 as persistent dry weather across key growing regions has raised concerns about potential crop damage. CBOT wheat futures for July rose 13.25 cents/bushel on the day to settle at 620.25 cents/bu on April 23, while Kansas City hard red winter wheat futures rallied 29.25 cents/bu to their highest level since June 2024 at 679.25 cents/bu. TheRead More