US wheat crop hurt by dry winter and spring's heavy rain

Heavy rain is preventing some farmers in North Dakota from planting as much wheat as they would want due to the state's drought.

According to government data, the state is scheduled to sow wheat on the least amount of cropland ever recorded.

The United States is the world's fourth-largest wheat exporter.

Given the global food crisis and Russia's war on Ukraine, which has slashed wheat exports from both nations, the world cannot afford to lose any more grain supplies.

Following Russia's invasion of its neighbor in late February, benchmark Chicago Board of Trade wheat prices increased by 50% to more than $13.60 per bushel.

According to the United Nations, the war's impact on cereals, oils, gasoline, and fertilizer might result in millions of people becoming hungry.

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