49 Days
Source:
المشهد العربي
Rising Wheat Prices Amid Escalating Tensions in the Black Sea
The prices of futures contracts for wheat have risen significantly due to escalating tensions between Russia and Ukraine in the Black Sea. The military escalation has caused Ukraine to lose a third of its export capacity through Black Sea ports, impacting the wheat supply in European markets. In related news, the German Agricultural Cooperatives Association expects the wheat crop in 2026 to decrease by 5.4%, reaching approximately 21.89 million tons, due to heatwaves and a lack of rainfall. Globally, the price of September delivery wheat contracts on the Chicago Board of Trade increased by 1%, reaching $6.84 per bushel, with similar gains also seen in maize and soybeans.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)