Wheat Prices Skyrocket By Young Research - August 4, 2010 Wheat prices are up more than 50% in a month. Droughts in Russia, a major world wheat producer, are threatening the countryโs crop.ย Traders bid up wheat prices in anticipation of tighter supplies. Share this: Click to email a link to a friend (Opens in new window) Email Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook RELATED ARTICLESMORE FROM AUTHOR WASDE Update: Higher Wheat Stocks, Lower Soybeans, and Expanding Cotton Output Billions of Dollars Floating on the High Seas Major Indian Refiners Halt Russian Crude Purchases for December