Wheat Rises as Dry Weather Threatens Crops in Argentina, Russia
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Wheat prices rose the most in a week on speculation that dry weather will reduce output more than forecast in Argentina and Russia.
Argentina is “too dry,” and more rain is needed to boost yields in Russia and Ukraine, where growers are preparing to plant winter wheat, according to T-Storm Weather in Chicago. Wheat futures have jumped 47 percent since the end of June as adverse weather reduced harvests and crop prospects.