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Commodities

Wheat Prices Surge Amid Ukraine-Russia Conflict and Poor Weather Conditions

Guavy AI Editorial Team
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The global wheat market is receiving support from two main factors: ongoing war in Ukraine and Russia, and poor weather conditions for sowing winter wheat.

Poor conditions are affecting major growing regions, which could lead to a smaller 2027 harvest. This has caused wheat prices to rise, with the Paris futures market seeing its December 2026 contract close higher on Monday and Tuesday at €243.75 per tonne.

The market reacted to intense Ukrainian drone attacks on Russia over the weekend, with traders also considering the impact of poor weather conditions on future harvests.

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