wheat

Wheat hits 3.5-year high as Black Sea shipments stall

Global wheat buyers face sharply higher costs as the Russia-Ukraine war has choked off Black Sea grain shipments since July, with benchmark Chicago futures climbing 40% from June lows to a three-and-a-half-year high, according to Reuters. The disruption threatens a…

Wheat futures slide after Trump-Putin phone call

Euronext wheat futures reversed early gains and settled lower on Tuesday after news broke that U.S. President Donald Trump and Russian President Vladimir Putin spoke by phone, reviving hopes for a diplomatic resolution to the war in Ukraine and a…

Wheat surges after US-Russia talks on Ukraine end without progress

Chicago wheat futures jumped as much as 3.1% on Tuesday, September 8 — the largest single-day gain since August 28 — after weekend talks between US envoys and Russian President Vladimir Putin ended without progress toward a ceasefire in Ukraine.…

Wheat prices drop after Putin hints at Ukraine peace deal

Global wheat futures fell sharply on Thursday after Russian President Vladimir Putin said there was a chance of a peace agreement to end the war in Ukraine, triggering a wave of profit-taking across grain markets that had surged to multi-year…

Wheat futures hit 3.5-year high on Black Sea attacks

Chicago wheat futures surged to their highest level since February 2023 on Tuesday, as Russia's rejection of a Turkish-brokered moratorium on Black Sea attacks and fresh strikes on Ukrainian port infrastructure rattled global grain markets already reeling from a month…

Wheat, corn hit three-year highs as Black Sea war chokes grain exports

Corn and wheat futures surged to their highest levels in more than three years on Friday, August 28, as escalating military strikes on Black Sea port infrastructure choked off grain exports from Russia and Ukraine, two of the world's largest…

Wheat futures hit limit up as Black Sea tensions rattle grain markets

Wheat futures surged to their daily price limit on Wednesday, August 26, as reports of a potential Russian escalation in Ukraine sent grain markets sharply higher, compounding months of supply pressure from Black Sea disruptions and extreme European heat.

European wheat hits one-month high on Russia escalation fears

European wheat futures surged 4% on Wednesday to their highest level in a month after Bloomberg News reported that Russia is preparing to intensify attacks on Ukraine, deepening fears of further disruption to Black Sea grain trade that has already…

MSC suspends Russia’s Black Sea port service after drone strike

MSC Mediterranean Shipping Co., the world's largest container shipping line, has suspended all new bookings to and from Russia's Novorossiysk port after a drone struck one of its vessels, marking an escalation in the conflict's disruption of commercial shipping in…

EU wheat futures fall as CIA chief’s Moscow visit stirs Black Sea hopes

European wheat futures fell on Tuesday as grain markets weighed the prospect of diplomatic progress on Black Sea shipping disruptions, even as fresh Russian strikes on Ukrainian port infrastructure underscored the fragility of global grain supply chains.

Study: climate change could triple global wheat prices

Widespread drought across the world's major wheat-growing regions is already driving global wheat prices higher — and climate change could make it far worse, according to research published this week in the journal Earth's Future.

Wheat importers turn to U.S., Australia as Black Sea strikes choke supply

Global wheat importers are scrambling to secure alternative grain supplies as escalating Russian strikes on Black Sea port infrastructure have crippled Ukrainian exports during the peak harvest season, driving benchmark futures to near three-year highs.

Wheat futures surge after Russia rejects Black Sea ceasefire

Chicago wheat futures rallied on Friday after Russia formally dismissed the idea of a ceasefire in the Black Sea, dashing hopes for a de-escalation of hostilities that have disrupted grain shipments from two of the world's largest exporters. December wheat…

Wheat surges as USDA projects lowest U.S. crop since 1970

Wheat futures on the Chicago Board of Trade CME Group Inc. rallied sharply on Wednesday after the U.S. Department of Agriculture's August WASDE report projected U.S. wheat production at just 1.53 billion bushels for 2026 — down 23% from a…

Wheat prices surge as Black Sea attacks slash Ukraine exports

Escalating attacks on Black Sea ports and commercial vessels are severely disrupting grain shipments from Ukraine and Russia, driving wheat futures sharply higher and raising alarms over global food security as the autumn export season approaches.

Russian wheat exports hit decade low amid Black Sea attacks

Russia's grain exports are on track to fall to their lowest August level in a decade as escalating attacks on commercial vessels in the Black Sea create severe shipping bottlenecks at the country's southern ports, compounding a disruption that has…

Wheat futures hit weekly high after Turkey curbs Black Sea shipping

US wheat futures rose to their highest level in more than a week on Monday as disruptions to shipping in the Black Sea raised the prospect of supply shortages from a region responsible for nearly a third of the world's…

Wheat surges to two-year high after Russia curbs Novorossiysk port traffic

Chicago wheat futures have rallied sharply this week, with prices climbing above $7.00 a bushel for the first time in two years, as escalating attacks on grain vessels and port infrastructure across the Black Sea region throttled exports from the…

Wheat futures surge as Black Sea attacks disrupt grain exports

Wheat futures climbed sharply this week across major exchanges as intensifying military strikes on Black Sea shipping infrastructure, a bullish USDA supply report, and extreme heat ravaging European crops combined to tighten global grain supplies at the peak of harvest…