The USDA has cut its forecast for Russia’s wheat harvest by 15%,

Tuesday, August 17, 2021

to 72.5 million tons. By contrast, the forecast for Ukraine’s wheat harvest has been increased by 10%, to a record 33 million tons, says the U.S. Department of Agriculture. Similarly, the forecast for Ukraine’s wheat exports during the current marketing year has been increased by 10%, to 23.5 million tons.

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