Source: Reuters
“Global wheat importers are bracing for tighter supplies as attacks on Black Sea grain infrastructure disrupt shipments, heightening food security risks for top buyers such as Egypt and Indonesia, while driving up prices. Benchmark Chicago futures have climbed more than 17% since the start of July, fuelled largely by a shortfall in Black Sea supplies, with physical prices making strong gains in rival exporters Argentina, Australia and the United States. … For now, stronger harvests across parts of the Middle East and North Africa have cushioned the immediate impact, with the Egyptian government procuring record volumes of local wheat and better rains boosting crop prospects in Morocco and Tunisia.” (08/20/26)