Wheat Rises as Adverse Weather Threatens Crop From China to U.S.

Wheat futures rose the most in six weeks on signs that demand is increasing as adverse weather threatens supplies in China, Australia and the U.S., the world’s largest exporter.

Turkey bought 145,000 metric tons of U.S. wheat, the U.S. Department of Agriculture said today. Conditions in Kansas, the largest winter-wheat state, ranged from abnormally dry to severe drought, data from the University of Nebraska at Lincoln show. In China, about 4 million hectares of crops have had up to 90 percent less rain than last year, the Xinhua News Agency said. Floods in Australia have delayed shipments and cut quality.