Wheat and corn prices hit three-year highs amid a significant supply shortfall. Approximately six million tons of grain, primarily wheat, are currently absent from global trade each month due to a critical market situation. Corn prices are also on the rise as European harvest forecasts decline under extreme heat conditions, with projections dropping from 57 million tons to below 50 million tons for 2025. If these trends continue, wheat and corn could see price increases of 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, especially Egypt, face increased risk of supply disruptions, given that Egypt is the largest wheat importer, according to industry analysts.
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1September 2, 2026 3.3K 8
