Wheat prices are surging.
— The Kobeissi Letter (@KobeissiLetter) August 28, 2026
US wheat futures jumped +6.4% on Wednesday and +1.3% on Thursday, to $7.58 per bushel, the highest level since July 2023.
Wheat prices have risen +19% so far this month, and are up +50% since the start of 2026.
This comes amid growing concerns about… pic.twitter.com/ZQU6gEuXHG
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