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 supply after a quick start to its export campaign coupled with a reduction in global supply due to extreme drought will lead many buyers to pay the higher US prices for the commodity in order to meet demand. Potential demand for US wheat exports was forecast at 38 million metric tonnes (mt) in 2018-2019, but no longer seems likely given the slow export pace, according to the president of AgResource.