Yes. According to Reuters reporting on September 23, 2026, benchmark Chicago wheat futures had climbed about 40% from June lows to a three-and-a-half-year high as Black Sea grain shipping stayed severely constrained by the Russia–Ukraine war.
Attacks on vessels and port infrastructure have brought cargo movements from the Black Sea region to a near standstill since July, pushing importers in Asia, the Middle East and Africa toward costlier alternative suppliers such as Australia and Argentina. Physical prices for some October shipments were reported around 25% higher than before the shipping crisis, raising fresh food-inflation concerns for vulnerable consumers.
Source: Reuters