Wheat Futures Rebound Toward 9-Month High in Commodity News 03/04/2026 Wheat futures rose to $6.06 per bushel, approaching a nine-month high of $6.16 reached on March 31, as renewed geopolitical tensions lifted prices after President Donald Trump warned of further military action against Iran in the coming weeks, dampening hopes for a near term de-escalation. The conflict continues to support grain markets by driving up energy and fertilizer costs, with disruptions through the Strait of Hormuz constraining supplies and raising input prices for farmers globally. At the same time, adverse weather in the US Plains, including unusually warm and dry conditions, is threatening crop yields in a key growing region. Additional support came from weaker than expected US planting data, with wheat acreage estimated at 43.8 million acres, below forecasts, reinforcing concerns about tighter supply. Source: Trading Economics 2026-04-03 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share