Global Wheat Prices Surge 30% Since July, Grain Union Warns of Market Instability

Global wheat prices have risen 30% since July 1, 2026, according to the Russian Grain Union, which warns of risks to market stability despite high global supply. The increase suggests supply-side pressures or demand shifts, though the specific drivers are not detailed. This matters for food inflation and import-dependent economies, potentially affecting central bank policy in emerging markets.