Russia’s ‘Huge’ Spring Wheat Delays Risk Lowering Harvests

Heavy rains and unusually cold weather in Russia have produced the worst start to spring planting in many years, raising the risk of a smaller wheat harvest. The development is negative for global wheat supply because Russia is the world’s top exporter of the grain. While no price move is cited, the news could support wheat prices and affect grain markets.

Analysis

Heavy rains and unusually cold weather in Russia have produced the worst start to spring planting in many years, raising the risk of a smaller wheat harvest. The development is negative for global wheat supply because Russia is the world’s top exporter of the grain. While no price move is cited, the news could support wheat prices and affect grain markets.