Dry Russian Weather Boosts Wheat Prices in Food Inflation Threat
Bumper harvests have capped futures in recent years, but bad conditions are now pushing them higher.
A wheat field near Stavropol, Russia.
Photographer: Andrey Rudakov/BloombergWelcome to our guide to the commodities underpinning the global economy. Today, reporter Celia Bergin looks at how dry weather in Russia is pushing up global wheat prices. To get this newsletter in your inbox, sign up here.
Wheat’s getting expensive again, and it’s largely down to one producer.