Wheat Price Surge Triggers Interest Rate Hike Concerns

Wheat prices are surging again on Friday, August 28, 2026, which is causing the soy complex to rise as well. Meanwhile, corn prices are up slightly. Mike Castle, Senior Commodities Economist at StoneX, joins Market Talk Midday Commentary to discuss the current market trends.

According to Castle, wheat's recent surge might prompt interest rate hikes. He mentions that Fed Chair Kevin Warsh discussed potential monetary policy actions in Jackson Hole earlier today. The outside markets are reacting to this news and its implications for the economy and commodity prices.