Wheat Climbs as Deep Freeze Stokes Fear of Shrinking US Crops
- Winter wheat heads for biggest weekly gain in over a month
- Sugar climbs a sixth day on constrained global supplies
Agricultural commodity prices, including wheat, corn and sugar, rose as crops were hit by unfavorable weather.
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Winter wheat climbed higher for a fourth straight day as a deep freeze across the US grain belt escalates concern about shrinking crops.
The extreme cold snap is putting recently planted wheat in danger of winterkill, which can occur when soil lacking enough snow protection can grow cold enough to kill off the plant. Grains in some key areas already are the focus of worry over ongoing drought.