What’s Going On with Russia’s Wheat Crop?
Russia has declared a series of federal emergencies recently amid crop-damaging frosts and drought that are denting the country’s wheat prospects. The US Department of Agriculture (USDA) in its most recent June update trimmed Russia’s 2024-25 wheat production by -5 million metric tons (MMT) to 83 MMT. Other forecasters are even less optimistic, including local …