Russia will increase their spring wheat production by 42% this marketing year. More Russian wheat will cause price volatility in the global wheat market.
Today, we check in on Russia’s huge production rise, the nation’s incredible surge in exports, and what it means for wheat prices moving forward.
Russian wheat exports are climbing ever higher, hitting 28.4 million metric tonnes since July 1, 2017.
This is 41% higher than last year!
Will it slow down?