Drought

Wheat Prices Rise as US Drought Persists

Wheat futures rose for the second time in three sessions on renewed concern that the worst U.S. drought since the 1930s is eroding prospects for crops in the southern Great Plains. Little or no rain has fallen in parts of south-central Kansas and north-central Oklahoma in the past three months, according to the National Weather Service. As much as 25 percent of the wheat crop may go unharvested this year, when farmers begin collecting grain in June.