Wheat and corn market prices have reached a three-year high. Approximately six million tons of grain, primarily wheat, are currently absent from global trade each month due to a critical situation. Corn prices are also rising as European harvest forecasts decline amid extreme heat, with projections falling below 50 million tons compared to 57 million in 2025. If these trends continue, wheat and corn prices could increase by several tens of percent, potentially reaching a record $13 per bushel in 2022. Since June 2026, Russia and Ukraine have intensified attacks on each other's Black Sea ports. North African Arab countries, particularly Egypt—the largest wheat importer—are now at risk of supply disruptions, according to analysts.
August 30, 2026 4.2K 24
