Chicago wheat futures are forecast to remain over $5 a bushel in the second half of 2018, underpinned by expected poor harvests in several key producer countries plus firm corn markets. Chicago wheat futures are forecast to be around $5.50 a bushel in the third quarter of 2018 and around $5.30 in the fourth quarter. Chicago July wheat was at $5.35 a bushel at 1446 GMT. Continued overall weak U.S. wheat production, a huge fall in production in Russia from last year’s record level and slight declines in India and the EU will not be compensated by increases in Canada, Australia and Argentina.