Wheat rose for a fourth day in Chicago, the longest streak since January, as persistent dry weather in the U.S. and Europe may curb production. Corn gained for a sixth session, the lengthiest run since December.
Wheat in the U.S., the world’s biggest exporter, is in the worst condition in 15 years, government data show. Europe’s crop, making up a fifth of world production, is under threat from the driest growing conditions in at least 36 years. Soil moisture is “critical” in the U.K., France and Germany, the EU’s Monitoring Agricultural Resources unit said yesterday.