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US Wheat Crop Deteriorates as Adverse Weather Triggers Insurance Claims

Extreme weather conditions across major US wheat-growing regions are prompting farmers to file crop damage claims as drought, hail and temperature swings threaten yields. Persistent dryness in key growing areas has pressured domestic supply outlooks, lifting wheat futures in Chicago for a third consecutive session. The crop stress comes as international wheat markets face similar headwinds. Turkey's harvest is expected to rebound sharply from 2025's drought-devastated output, potentially reducing import demand from one of the world's largest wheat-buying nations. Hungary's government has flagged severe drought damage from April dry spells and signaled plans for emergency agricultural assistance. Weather challenges across multiple producing regions are creating mounting supply vulnerabilities in global grain markets heading into the new harvest season.