Russia seen removing wheat tax in July if inflation slows

Moscow | Reuters — Russia, one of the world’s leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said. Russia’s economy has been hit hard by low global oil prices and Western sanctions due […] Read more

Motherland Monument, Kiev. (CIA.gov)

Ukraine ceasefire may, or may not, weigh on wheat

CNS Canada –– A tentative ceasefire in eastern Ukraine could lead to adjustments in the global grain markets, with softening wheat prices a possibility. Conflict in eastern Ukraine has been an underlying factor in grains and oilseeds markets over the past year, with the uncertainty of the situation providing both bearish and bullish incentives for […] Read more