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: Email a link to a friend (Opens in new window) Email Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook RELATED ARTICLESMORE FROM AUTHOR China Buys Up Discounted Russian Oil as India Pulls Back India Urges Refiners to Boost US and Venezuelan Oil Purchases Trump Cuts India Tariffs After Modi Pledges No Russian Oil Purchases