Wheat is the primary ingredient in bread that feeds the world. Wheat grows worldwide in North America, Europe, South America, Asia, and Australia. Governments’ main job is to protect and feed their citizens; when they cannot satisfy basic needs, governments have historically lost power. Therefore, meeting wheat demand is critical, making the grain a highly political agricultural commodity. While oil powers the world, wheat feeds it.
On August 18, 2026, I asked how high wheat prices will rise in a Barchart article, concluding with the following:
