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• Wheat prices remain affected by Russian drought: [2010 Aug 23 04:55 PM] Investors in wheat futures have seen prices continue to trend upward in recent days in light of a drought that has severely affected the Russian wheat harvest.  Read more
• Wheat prices rise, stirring fears in poor countries: [2010 Aug 18 03:41 PM] Wheat futures reversed earlier declines and gained 0.69 percent on Wednesday, rising to 688.50 cents per bushel on the Chicago Board of Trade. The focus was once again on Russia's export bans and Ukraine's tariffs, which threaten to restrict the global supply of wheat, particularly to poor countries which depend on those crops. Read more
• Wheat and grains rise on Ukraine quotas, US weather: [2010 Aug 17 11:50 AM] Meteorological and political considerations once again boosted the price of wheat on Tuesday, as Ukraine set export quotas for both barley and wheat. Bloomberg News reported that the quota for barley will be likely be 1 million tons from September 1 to December 31, while wheat's limit will be 1.5 million tons. Read more
• Devastating floods destroy Pakistani crops: [2010 Aug 12 11:45 AM] Deadly floods in Pakistan devastated crops and food supplies, killing 1,600 people and displacing 14 million. Mohammed Ibrahim Mogul, the chairman of Agri Forum Pakistan, told Bloomberg News that the heavy rains and subsequent flooding had caused $2.9 billion in losses, including 700,000 acres of cotton, 200,000 acres of rice, 500,000 metric tons of wheat and 100,000 head of livestock. Read more
• September wheat rises but falls in the long term: [2010 Aug 12 08:45 AM] Wheat futures split on Wednesday against a backdrop of plummeting equities. In the short term, supply concerns loomed large: Russian drought and an export ban raised fears that a global supply shortage might ensue, or that export contracts might not be honored. CME wheat for September 2010 delivery rose 6.2 cents to $7.01 per bushel.  Read more
• 'Full-blown panic in the European grain market' say traders: [2010 Aug 06 01:28 PM] The Financial Times reported that traders are experiencing "full-blown panic in the European grain market," according to one source. Wheat futures displayed incredible volatility Thursday, with prices jumping over 12 percent in the European market, while U.S. wheat futures rose 6 percent but then dipped almost 3 percent to $7.65 per bushel. Read more
• Russia bans grain exports in response to drought: [2010 Aug 05 11:40 AM] Russian Prime Minister Vladimir Putin tried to restore his nation's confidence even as he announced a ban on the export of Russian wheat. The former president said Russia had more than enough grain reserves to meet domestic demand. The ban will run to the end of the year, a measure which Putin said was necessary to "prevent a rise in domestic food prices." Read more
• Russia moves to reassure grain markets: [2010 Aug 03 11:49 AM] Grain futures, particularly contracts on wheat, have displayed extreme concern about Russian exports in the past weeks. A relentless drought has sparked fires and fears that nation will have to import, rather than export, grain this year. Read more
• Grains continue to rise as drought pummels crops: [2010 Aug 02 01:37 PM] The prices of a number of key grains resumed their upward trajectory on Monday as Russian drought continues to threaten the world's supply of wheat. That in turn is pushing up the price of corn and soybeans, which some farmers and consumers may turn to if wheat becomes too expensive. Read more