The heat wave in the Midwestern United States continued to take a toll on the corn crop, causing prices to continually rise. Euromonitor International's senior food analyst, Francisco Redruello, gives his monthly soft commodities roundup, looking at wheat, grains, and other markets and ends with a prediction for August 2012.

How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.