Wheat futures eased to around $6.07 per bushel from a near three-week high of $6.11 reached on April 23, as prospects for rain in the US Plains and signs of possible de-escalation in the Middle East weighed on prices. Weather forecasts point to rainfall across Kansas and Nebraska over the weekend, which could offer some relief to stressed crops after drought conditions worsened in key growing areas, including central and western parts of both states. Improved moisture could help stabilize production outlooks, easing some supply concerns. At the same time, grain markets remain sensitive to swings in energy prices and geopolitical developments, with crude oil fluctuating as traders balance ongoing supply disruptions against the possibility of renewed US-Iran peace talks.

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