Russia may focus more wheat sales in its own ‘backyard’

From the Capital Press

Increasing regional demand, competition for acreage from other crops and higher shipping costs may force the Russian wheat industry to market its crop closer to home in the coming years, a top U.S. Wheat Associates official says.

“While we are not done with Russian competition and they are here to stay as a main player in the world market, they will behave more responsibly (due) to these changing market signals in the next 20 years,” said Vince Peterson, U.S. Wheat president. Read the rest of the story here.