Russia harvests the record amount of wheat in the new agricultural year, beating European Union. Harvest will allow Russia to become the biggest exporter of wheat on the world’s market. During forecasts, harvest is expected from 114 to 116 million tons of wheat. This index will exceed other agricultural exporters. Last similar amount of harvest was made more than 25 years ago. Russia’s huge harvest will increase grain supply on world’s market.
Huge wheat harvest in Russia provoked wheat price decrease worldwide. Wheat stocks started to fall, that gives traders a great chance to earn money. Trading will be available during American session, from 13:00 to 19:00 GMT time.
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