Global wheat prices climb on forecasts of shrinking future stocks

Wheat prices surged this week on US and European futures markets, reflecting concerns about tightening global supplies. New projections from the International Grains Council forecast lower production and rising demand into the 2026-27 season. Wheat prices rose sharply at the start of this week on both the Chicago and Paris futures markets, driven in part by forecasts of shrinking stocks for the 2026-27 season. On the Paris futures market, the May contract price climbed from €194.50 on Monday t