date:Oct 22, 2012
ed they plan on banning wheat exports by November 15th.
Traders also speculated that Russia might be the next country to announce export restrictions this year. The news was of little surprise to many traders in the market since the Black Sea is already overpriced in the Middle East and North Africa.
Russia reported midday that they had reaped 39.5 million tonnes of wheat as of October 19th with harvest 99% complete which is a 32% decline from last year.
The USDA currently has Russia wheat