Illinois Newsroom published an article stating that global wheat supplies have been tightened from Russia’s invasion of Ukraine, and now the crop faces a domestic threat: drought in the Great Plains. In Kansas, one of the country’s top wheat-producing states, an industry group predicts dry conditions will force harvests down by about 30% this year.
Senior research fellow Joseph Glauber said, “As far as I know people have been able to find grain. The question is, how much are you willing to pay for it? And I think that for poorer countries that may be an issue.” But now that Russia’s cut off Ukrainian exports, Glauber said other countries will have to make up the difference. “You have this buildup in Ukraine so you look at the wheat market and you think, ‘Okay, well, who can make up this grain?’”