Russia’s wheat woes could help Montana farmers
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While the initial news of Russia's plan to ban further exportation of wheat this year had the markets in a buzz and farmers looking at increasing prices with an exceptional yield, what the long-range impact will be still is unknown.
Chris Herring, general manager of ADM/ CHS LLC in Havre, said this morning that news Friday following Thursday's announcement of Russia's export ban already pushed wheat prices back down a bit. Until the final amount of Russia's harvest is known, there is no way to say what the prices will be.
"It's hard to say 'til they put the pencil to paper," he said.
Rus...
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