Wheat futures hit two-year high as Persian Gulf fertilizer supply fears grow

11 articles · Updated · MarketWatch · Apr 29

Chicago Board of Trade wheat futures rose 0.6% to $6.53 a bushel, the highest since May 2024, amid ongoing U.S.-Iran war concerns.
Wheat prices have surged 29% year-to-date, with investors increasingly worried about disruptions to crop production from restricted fertilizer supplies.
Corn futures also climbed 0.3% to $4.75.75 a bushel, reaching their highest level in about a year as global grain markets react to supply uncertainty.

With fertilizer costs soaring, will American farmers abandon corn for soybeans?

Can a UN-led deal to reopen the Persian Gulf avert a global food crisis?

Which nations are most vulnerable to famine as the fertilizer blockade continues?

Beyond food, how will the Hormuz blockade reshape global energy and trade routes?

Is the U.S.-Iran war pushing the world toward a global food catastrophe?

Could this fertilizer crisis unintentionally spark a green revolution in global farming?