Wheat Futures Rise for 2nd Session in Commodity News 12/05/2026 Wheat futures climbed back above $6.1 per bushel, following strength in energy markets after US Iran peace talks failed to produce an agreement. Oil prices gained more than 2% as Washington and Tehran remained divided over a proposed deal, while the Strait of Hormuz continued to operate under severe disruption, keeping global energy supply conditions tight and indirectly supporting grain prices. At the same time, weather conditions in key US wheat growing regions remain a concern. Although some rainfall was recorded recently, it bypassed the driest areas and may not have been sufficient or timely enough to meaningfully improve crop conditions. Forecasts suggest additional rain this week, but expected amounts are limited, and a shift toward warmer temperatures could further stress already vulnerable fields. Source: Trading Economics 2026-05-12 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