Chicago Board of Trade wheat futures rose sharply today as weather worries intensified in several major growing areas. Dry conditions in parts of the U.S. and excessive rainfall in Europe are raising concerns about potential yield reductions. Analysts are closely monitoring weather patterns, anticipating that continued adverse conditions could further tighten global wheat supplies and push prices even higher.

The recent price surge reflects the market’s sensitivity to weather-related risks. Traders are factoring in the possibility of lower-than-expected harvests, which could impact export availability and increase import demand from other regions. The U.S. Department of Agriculture is expected to release updated crop forecasts next week, which will provide further insights into the potential impact of the weather on wheat production.