Weather issues driving grain markets in Northern Hemisphere

Chicago wheat futures held near $300 per tonne, at their lowest since late December, as arctic conditions in the U.S. and Black Sea raised winterkill concerns. About 15% of U.S. HRW and 10% of SRW crops lacked snow cover, while Ukraine had about 15% with limited cover.

Snow cover emerged and temperatures in the Black Sea were not unusually cold.