IDAHO WHEAT COMMISSION

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Russia Says Crop Titan Cargill Will Stop Exporting its Grain

Russia said top agricultural commodities trader Cargill Inc. will stop exporting its grain, adding to uncertainty over the future of Black Sea crop shipments.  As the biggest wheat exporter, Russian grain is vital to global crop trade and food supplies. A bumper harvest there last year helped wheat futures drop more than 40% from a record reached just after Moscow’s invasion of Ukraine. Although Cargill is a big exporter of Russian wheat and a huge Western crop merchant, the government said the firm’s decision shouldn’t affect overall shipments from the country.