Wheat prices forecast to exceed $330/ton on Black Sea, Hormuz shipping risks

Prozerno's director predicts global wheat prices will exceed $330/ton in H2 2026/27 due to logistical restrictions in the Azov-Black Sea basin and shipping issues in the Strait of Hormuz. The forecast signals potential supply-chain disruption in key export corridors, though it is a single analyst's projection, not a confirmed market move.