Wheat Moves Higher on Iran Ceasefire Uncertainty, Crop Survey

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 1000War With Iran:Wheat futures have moved higher in the face of growing signs of fragility in the ceasefire pact between the US and Iran in the Middle East, with any reigniting of tensions likely to threaten further supply chain disruptions and price rises for vital farm inputs.Disagreements between the US and Iran over whether or not attacks by Israel on Lebanon undermine the agreement have threatened the deal just over 24 hours after it came into effect. Joe Davis, a director of commodities at brokerage Futures International in Illinois, said while there was some dip buying taking place in the market, the disputes over the ceasefire were “an escalation of war however you look at it.”