Commodity broker Greg McBride said US wheat prices have recently been supported by dryness in key growing regions as markets head into May.
He said forecasts for rain could quickly alter the wheat outlook, while the Trump-Xi talks are expected to focus on the Iran war, geopolitics and agricultural trade.
McBride added one agricultural commodity may be sidelined in the discussions, underscoring how weather and international politics are jointly shaping grain market sentiment.
With volatile weather and uncertain trade policies, what strategies can U.S. farmers use to remain profitable amid rising costs and shifting export demand?
Could China's ambitious shift toward alternative proteins and food self-sufficiency upend global grain markets and permanently reduce U.S. agricultural exports?
How might ongoing conflicts and disruptions in the Strait of Hormuz trigger further spikes in farm input costs and reshape global food security?