Russian Wheat Exports Hurt U.S.
Oil isn’t the only commodity where the largest producers are fighting for market share in a world awash with supply. Russia and the United States, two of the biggest wheat exporters, are going head-to-head in a battle for customers. Russian shippers, with the advantage of a weak currency and falling freight rates, can undercut most competitors, selling their grain about 16 percent cheaper than cargoes from the U.S. While American...
