Chicago grain futures climbed on Thursday, buoyed by ongoing concerns about dry weather in key growing regions. The arid conditions are raising fears of reduced yields for winter wheat and other crops, prompting increased buying activity.

Wheat futures led the gains, followed by corn and soybeans. Analysts noted that the market is highly sensitive to weather reports, with any indication of continued dryness likely to fuel further price increases. Conversely, significant rainfall could trigger a sell-off.

Market participants are closely monitoring weather forecasts and crop condition reports for indications of the potential impact on agricultural production. The recent price volatility highlights the uncertainty surrounding this year’s harvest.