Finance

Wheat Highest Since 2024 as Drought, Fertilizer Costs Hit Supply

Wheat surged to the highest in nearly two years as drought in the US was pressuring yields at a time soaring fertilizer costs prompted farmers to pare back planting of nutrient-intensive crops such as grains.

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Bloomberg
April 28, 2026·1 min read
Wheat Highest Since 2024 as Drought, Fertilizer Costs Hit Supply

Image: Bloomberg

Wheat surged to the highest in nearly two years as drought in the US was pressuring yields at a time soaring fertilizer costs prompted farmers to pare back planting of nutrient-intensive crops such as grains.

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Wheat Highest Since 2024 as Drought, Fertilizer Costs Hit Supply

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