REUTERS/ Adverse global weather has resulted in a shortage in the world 's wheat supply , which may force many countries to import more from the US . A shortage of Russian wheat , after a quick start to its export campaign coupled with a reduction in global demand due to extreme drought will force many buyers to pay the higher US prices for the commodity in order to meet demand . Potential demand for Russian wheat exports was estimated at 38 million metric tonnes ( mt ) in 2018 - 19 , but no longer seems likely given the slow export pace , according to the president of AgResource .
Adverse global weather has resulted in a shortage in the world 's wheat supply , which may force many countries to import more from the US . A shortage of Russian wheat , after a quick start to its export campaign coupled with a reduction in global demand due to extreme drought will force many buyers to pay the higher US prices for the commodity in order to meet demand . Potential demand for Russian wheat exports was estimated at 38 million metric tonnes ( mt ) in 2018 - 19 , but no longer seems likely given the slow export pace , according to the president of AgResource .