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Wheat Rallies on Weather Woes and Iran-Linked Fertilizer Crunch

· Bloomberg Markets

Wheat Rallies on Weather Woes and Iran-Linked Fertilizer Crunch

Wheat prices are set for their biggest weekly gain in nearly two months due to persistent weather concerns and a fertilizer shortage linked to Iran's conflict. These supply-side issues have heightened worries over global wheat availability, impacting markets and prompting traders to reassess crop outlooks amid ongoing geopolitical tensions.

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