News Updates As crops in many countries -- from the U.S. through Southern and Eastern Europe -- have been affected by poor growing weather, grain prices have moved higher and higher. Hot weather and drought are negatively affecting all spring crops on top of a winter season during which many winter crops, such as wheat and barley, suffered from extreme cold and a lack of moisture.One unfortunate side effect of the rapid increase in prices is that exporters, especially small traders, have very large losses on existing business because the cost of buying the grain is now higher than their selling prices from a few weeks ago. Many smaller businesses cannot support the losses and are defaulting on supply contracts as a result. There are no rep...