Wheat and corn market prices have reached a three-year high. Approximately six million tons of grain, primarily wheat, are now absent from global trade each month due to a critical situation. Corn prices are also increasing as European harvest forecasts decline amid extreme heat, with projections falling below 50 million tons from 57 million in 2025. If current trends continue, wheat and corn prices could rise 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, face increased risk of supply disruptions, given that Egypt is the largest wheat importer, according to analysts.
August 31, 2026 2K 8
