Russia curbing Wheat Exports

  1. 24 Posts.
    This could keep prices climbing.
    Unfortunate for our Eastern States Farmers in drought who may not be able to capitalise on it.
    Hope some rain comes your way soon.
    CHICAGO, Aug 17 (Reuters) - U.S. wheat futures on Friday jumped to their highest prices in more than a week, boosted by dry weather forecasts in Australia and reports that Russia may consider curbs on grain exports, traders said.
    Talk of potential limits on shipments from Russia, the world's top wheat exporter, fuelled worries about tightening global supplies, after drought has reduced harvests from the Black Sea region to Europe and Australia. * Russia will consider restricting 2018-19 exports once they reach 30 million tonnes, following a request from meat-producing regions, according to traders who met with the agriculture ministry.
 
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