Russia’s Historic 100 Million-Ton Wheat Crop Piles Up at Home
(Bloomberg) — Russia’s wheat harvest could reach a historic 100 million tons, according to consultant SovEcon, with the commodity piling up at home as the nation struggles to export large volumes.
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Farmers across the country are finishing up the bountiful harvest after good growing conditions throughout the summer. The huge supply in the world’s top shipper would usually help to bring down world prices. But so far this season, government export taxes and logistical…