Wheat Heads for Biggest Monthly Increase Since 1973 on Russia
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Wheat rose for a fourth day in Chicago, heading for the biggest monthly gain in more than three decades, on concern that drought in Russia and parts of Europe will crimp global supply.
September-delivery wheat gained 1.7 percent to $6.38 a bushel on the Chicago Board of Trade at 2:14 p.m. Paris time, the highest price for a most-active contract since June 2009. The contract is set for a 33 percent monthly jump, the biggest since August 1973.