Heat Worries US Wheat Farmers Just as Crop Prices Are Surging

Scorching heat in North Dakota is threatening wheat yields as harvest closes, adding downside risk to supply at the same time crop prices are rising to a three-year high. The combination of weather-driven yield concerns and higher prices suggests a near-term margin and supply uncertainty for agricultural stakeholders.

Analysis

Scorching heat in North Dakota is threatening wheat yields as harvest closes, adding downside risk to supply at the same time crop prices are rising to a three-year high. The combination of weather-driven yield concerns and higher prices suggests a near-term margin and supply uncertainty for agricultural stakeholders.