IDAHO WHEAT COMMISSION

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Concern About Dry Conditions Continues to Drive Markets

As the Northern Hemisphere wheat harvest wraps up and crops in the Southern Hemisphere approach maturity, global wheat markets remain sensitive to weather-related news. Drought conditions continue to influence market fluctuations and yield projections. In the Northern Hemisphere, the 2024 wheat harvest is complete. While drought continues to affect key regions, its impact is less severe compared to previous years. However, long-term effects on production remain uncertain, as much depends on future weather conditions.