The price of wheat is still rising and the world's supplies are in danger

Wheat prices have continued to rise after it affected the highest price in a month during the previous session, with the ongoing climatic conditions in the most important exporting countries, which expressed concern about the damage of global supplies. Future contracts in Chicago for the second session increased after a storm and forest fires that swept the wheat tillage areas in the United States at the beginning of the week to pay prices to rise on Monday. The weather is expected to continue to deteriorate with the US plains with the continued drought in the southern regions, according to ‘Maxar’ ​​air forecasts. The global wheat tumor runs the risk of worsening concerns about climatic conditions in the United States due to the weather in the Black Sea region, where the lack of snow cover and drought affects wheat crops in Ukraine and Russia, according to a report issued by “Futures International”. According to the company “Maxar”, the drought is expected to increase in Ukraine and Western Russia. The expectations of the continued dry weather in wheat tillage areas in the Black Sea region contributed to the repositioning of the risk allowance, according to a report issued by CRM Agri. The slowdown in wheat exports of Russia, the largest global source, is to support high prices.