Analysis: Weather woes, Russia upend outlook for global wheat suppliers

CHICAGO, Aug 2 (Reuters) – Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis shows, a decline coming as top supplier Russia intensifies its conflict with Ukraine and creates more uncertainty for importers.

Farms in areas of North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually wide geographic area, making food production increasingly vulnerable. Escalating tensions between Russia and Ukraine have also returned concerns over food security to the…