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Russia lowers wheat output posts

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Wheat Moves Sharply Higher on Rumors of Drought in Russia

Posted Jul 6th 2010 2:20PM by Connie Madon (RSS feed)
Filed under: International Markets, Forecasts, Russia, Market Matters, Economic Data, Commodities

The grain markets are weather related. Any change in the normal growing weather pattern sends the markets into turmoil.

The story of the day is Russia. The farm ministry said that Russia will harvest 85 million metric tons of grain, down 5 million tons from the previous forecast. Why is this news? Russia and Canada vie with the U.S. as the second largest world wheat exporter.

Continue reading Wheat Moves Sharply Higher on Rumors of Drought in Russia

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