Chicago Wheat Climbs on Iran War Escalation, Weather Risks.
- Chicago wheat futures are rising due to the Iran war and weather risks.
- The conflict has entered its second month with intensified missile strikes and attacks.
- Closure of the Strait of Hormuz is disrupting fertilizer and fuel flows, increasing input costs for farmers.
- Poor weather conditions in US fields are contributing to the price increase.
- The combination of geopolitical tensions and weather challenges is affecting the global wheat market.
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