3 Big Things Today, January 19, 2021
2. Russian Growing Woes and Export Taxes Have All Eyes on Wheat A rough start to the growing season in Russia along with the country’s graduating export tax that’s scheduled to start on Feb. 15 is keeping market-watchers interested in the global wheat scene. Russian wheat got off to a “difficult start and (is) therefore in quite sensitive condition,” according to a report from Commerzbank sent Monday. The government’s announcement last month that it would implement a 25-euro-per-metric-ton export tax on the grain from Feb. 15 through the end of the month gave prices a bump. F...
Source: agriculture.com