Is the “Rice Panic” Justified and What Awaits the Grain Market

... states. The termination of the grain deal had minimum impact on the world grain market. On July 17, 2023, when the suspension of the grain deal was announced, wheat futures on the Chicago Exchange went up 4% and traded at $253 per ton, but world wheat prices ceased growing by August 1 already, so December futures are now trading at $252 per ton. The world wheat market is absolutely stable, as was pointed out by Vladimir Putin at the press conference on the results of Russian-Turkish negotiations....