Russia continues to dominate world wheat export trade whilst the US and EU fall further behind, leaving falling prices. Leading analysts revised estimates and put the Russian wheat crop between 91 and 92 million tonnes, with exports for the season between 48.5 and 49.5 million tonnes. 20% or more of that export target has already been achieved during the first two months of the season, with 9.7 million tonnes reportedly shipped by the end of August at record pace.
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