⬆️ Wheat and corn prices have surged to their highest levels in three years. A critical situation has resulted in a monthly shortfall of six million tons of grain, primarily wheat, in the global market. Additionally, corn prices are climbing as European harvest forecasts plummet due to extreme heat, with projections dropping from 57 million tons in 2025 to below 50 million. If these trends continue, wheat and corn prices could rise significantly, potentially hitting a record $13 per bushel in 2022. Since June 2026, Russia and Ukraine have escalated attacks on each other's Black Sea ports, putting North African Arab countries—especially Egypt, the largest wheat importer—at risk of supply disruptions, according to analysts.
1September 3, 2026 10
