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Impacts of war, drought bear down on wheat market, analysts say

If ports in Ukraine are still closed come summer, disruption of the world’s wheat market could become “much bigger,” analysts say.  The Ukraine conflict remains the biggest factor impacting global wheat supply in the short term, said Gro Intelligence senior research analyst Will Osnato.  But, he said, countries having to import more wheat than usual and drought in the U.S. will have a bigger impact on prices later in the year.  Ukraine’s wheat crop is entering a key growing phase. Lack of fieldwork and fertilizer applications could hurt yields, he said.  Ukraine’s farmers would typically harvest the new crop in July.