Wheat Jumps as Iran War, Wintry Weather Stoke Inflation Concerns

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A farmer harvests wheat in Culver, Kansas.Wheat was climbing as the war in Iran continued to push up oil prices, prompting worries that farmers could cut back on sowing due to soaring costs for fuel and fertilizer. Additionally, harsh winter weather in parts of the central US may have damaged wheat plants that had broken dormancy at a time when limited precipitation was already stressing fieldsBloomberg Terminal.