Wheat Set for Third Week of Gains on New Signs of Tight Supply
- India reduces size of wheat stockpiles traders can maintain
- Dryness in Europe, Black Sea conflict add to supply concerns
A farmer collects grain from a combine harvester during a wheat harvest.
Photographer: Heywood Yu/BloombergThis article is for subscribers only.
Wheat futures traded in Chicago were set for a third week of gains as India’s decision to limit stockpiles underscored the tightness in global wheat supplies.
Wheat for December delivery rose as much as 3.5%, the biggest intraday gain in more than a month.