Wheat Rises Toward 3-1/2-Year High

2026-09-01 15:04 By Agna Gabriel 1 min. read

Wheat rose to around $7.65 per bushel, close to its highest level since February 2023, as renewed attacks in the Black Sea region heightened concerns over grain supplies.

Turkey said it had prepared a plan to facilitate the safe movement of grain through the Black Sea and was in contact with both Russia and Ukraine.

However, Moscow rejected a proposed moratorium on attacks in the area, arguing that it would not contribute to a peaceful resolution.

Ukrainian officials said Russian strikes overnight damaged port facilities and a border crossing with Romania in the Odesa region, while further attacks were reported near Russia’s Baltic port of Ust-Luga.

The renewed hostilities have increased uncertainty around exports from both countries, with previous attacks severely disrupting shipments through Black Sea and Sea of Azov ports.

Both countries are major exporters, together accounting for more than a quarter of global wheat shipments.



News Stream
Wheat Rises Toward 3-1/2-Year High
Wheat rose to around $7.65 per bushel, close to its highest level since February 2023, as renewed attacks in the Black Sea region heightened concerns over grain supplies. Turkey said it had prepared a plan to facilitate the safe movement of grain through the Black Sea and was in contact with both Russia and Ukraine. However, Moscow rejected a proposed moratorium on attacks in the area, arguing that it would not contribute to a peaceful resolution. Ukrainian officials said Russian strikes overnight damaged port facilities and a border crossing with Romania in the Odesa region, while further attacks were reported near Russia’s Baltic port of Ust-Luga. The renewed hostilities have increased uncertainty around exports from both countries, with previous attacks severely disrupting shipments through Black Sea and Sea of Azov ports. Both countries are major exporters, together accounting for more than a quarter of global wheat shipments.
2026-09-01
Wheat Futures Fall on Black Sea Export Hopes
Wheat futures fell to around $7.50 per bushel in early September, slipping away from a more than three-year high reached on August 28 as prospects for renewed grain shipments through the Black Sea eased supply concerns. Turkey said it is in talks with both Russia and Ukraine regarding the safe passage of grain exports and expressed its willingness to help revive the UN-backed agreement that previously facilitated Ukrainian grain shipments during the war. Wheat prices surged more than 16% in August as the Russia-Ukraine conflict severely disrupted grain flows through the Black Sea and the Sea of Azov, key export routes that historically handled roughly 70% of Russia's grain exports. Meanwhile, renewed tensions in the Middle East have heightened concerns over potential energy supply disruptions from major oil-producing regions, driving crude oil prices higher and adding to broader uncertainty across commodity markets.
2026-09-01
Wheat is down by 15.28%
Wheat decreased 15.28% to 649.8 USd/Bu
2026-08-31