Wheat futures surge to highest level since June 2024

11 articles · Updated · Bloomberg · Apr 28

Soft red winter wheat futures in Chicago rose by as much as 4.1% amid ongoing US drought and high fertilizer costs.
The US Department of Agriculture reported only 30% of wheat crops rated good or excellent, with poor or very poor ratings increasing.
Farmers have reduced planting of nutrient-intensive crops due to soaring input costs, further tightening supply as drought continues to threaten yields across US Plains wheat fields.

With US wheat yields plummeting, how soon will grocery store prices reflect this crisis?

The US cattle herd is at a 75-year low. Is the wheat crisis the final blow?

Is developing drought-proof wheat the only long-term solution for American food security?

A US drought and a Mideast conflict are spiking prices. Is the global food system broken?

Can Argentina's record harvest truly offset the supply shock from the Strait of Hormuz closure?

With the Strait of Hormuz closed, which nations will now control the world's fertilizer supply?