Russian and Ukrainian wheat appreciated sharply

They try to catch up with the US wheat

Yesterday, June 20th 2017, after several days of delay, Russians and Ukrainians reacted to the growth of wheat price in Chicago. And how, you bet! They raised prices of milling and feed wheat by 7 - 8 USD/mt. Ahead of harvest!

Despite the price jump, however, they still have to catch up with US wheat. Moreover, US harvest started with bad wheat indices and expectations are that Russian and Ukrainian wheat will be of good quality.

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