The surge in food commodity prices isn’t done
Russian Prime Minister Vladimir Putin fueled speculation of eveb higher wheat prices yesterday when he said that Kazakhstan and Belarus should join Russia’s ban on exports for the remainder of 2010.
Russia’s ban on wheat exports sets commodity markets on fire
The ban on Russian exports comes on top of prior forecasts for a smaller than expected U.S. corn harvest, and smaller than expected plantings of wheat in Canada. Global commodity traders who are now seeing commodity disasters everywhere.