The News & What it Means – The Russian Factor in World Grain Markets

 

By John DePutter & Dave Milne – Nov. 28, 2017

 

The news:

“The Ministry of Agriculture of Russia does not expect any reduction in the planted areas under grain crops for the 2018 harvest, declared the Minister of Agriculture, Alexander Tkachev on November 23.”

-APK Inform, Nov. 27, 2018

 

What it means:

If accurate – and in the absence of any major weather problem – more price pressure would seem to lie ahead.