Russia is exporting a record amount of wheat this year. CoBank Lead Economist for Grains and Oilseeds Tanner Ehmke has one eye on Russia in case there’s a disruption in the flow of exports, which could pose a risk to elevators. “Russian wheat is flooding the world market right now, which is weighing down wheat prices. Our concern is the impact on grain elevators if there’s a sharp rise in wheat.” The global wheat stocks are somewhat tight “so if we had any disruption in the Russian wheat trade, we could see some extreme volatility come to the U.S. wheat market.”
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