May 6th 2019
World wheat exports will fall by 17 million tons
As noted, imports will decline to all major countries, and exports from Russia will fall by 9 million tons, due to active world trade in July – April of the 2018/19 season (119.8 million tons, +11.7 million tons to 17 / 18 MG).
“The limited supply of Russian wheat in May – June 2019 will not provide significant support to prices, since the main importers covered the needs before the start of the new season,” experts say.