Wheat futures are rising, and weather conditions in the northern hemisphere may lead to crop reductions.
Due to weather conditions putting pressure on crops in some major wheat supply countries in the Northern Hemisphere, wheat futures prices are rising. Vaisala meteorologist Don Keeney wrote in a report that areas lacking moisture are expected to expand, especially in the Nordic region, while drought in Ukraine and the North Caucasus is also putting pressure on crops, and colder temperatures are slowing crop growth. Meanwhile, more rain is expected in the central and southern plains of the United States this week, further exacerbating concerns about flooding. The market is closely watching weather forecasts to assess the potential impact on winter wheat production. Analysts continue to forecast tight global wheat supply for the 2025/26 crop season.
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