From Bloomberg: Russia’s wheat production may plunge by 33 percent this year after the most-severe drought in 50 years harmed crops, a U.S. Department of Agriculture unit said.
Output will fall to 41.5 million metric tons in the year that began July 1 from 61.7 million tons last year, the USDA’s Foreign Agricultural Service said in a report posted today on its website……………………………………….Full Article: Source