⬆️ Wheat and corn prices have hit a three-year peak, with six million tons of grain—mostly wheat—missing from global trade each month due to a critical situation. Corn prices are also climbing as European harvest forecasts diminish in the face of extreme heat, dropping from 57 million tons to below 50 million tons for 2025. If these trends continue, wheat and corn prices could surge by tens of percent, potentially reaching a record $13 per bushel in 2022. Starting in June 2026, Russia and Ukraine escalated attacks on each other's Black Sea ports. As a result, North African Arab countries, particularly Egypt— the largest wheat importer—are now facing risks from supply disruptions, according to analysts.
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