date:Aug 12, 2014
standoff in the Black Sea intensified and excess rain in Europe threatened to diminish grain quality. Russia and Ukraine will account for almost a fifth of global wheat exports this year, the US government estimates. Prices are still 16 per cent lower in the past year on expectations global supply will increase.
In the face of one of the best grain harvests in decades and already-falling grain prices, Russia is unlikely to risk harming its farm sector by limiting exports, Morgan Stanley analyst