Bloomberg - Chicago Wheat Climbs on Iran War Escalation, Weather Risks

Bloomberg - Chicago Wheat Climbs on Iran War Escalation, Weather Risks - Bloomberg

By Hallie Gu

(Bloomberg) -- Chicago wheat futures rose — heading for a fourth gain in five sessions — as the Iran war threatens to further push up energy and fertilizer costs for farmers and poor weather hampers US fields

“Grains and oilseeds have been relatively insulated from the direct impact of the war,” CRM AgriCommodities said in a Friday note. “However if weeks turn into months, the implications for supply chains cannot be understated.”