date:Sep 06, 2012
10.3% from that high as corn prices have leveled off and the spring-wheat harvest in the U.S. surpassed expectations.
In the Black Sea region, drought conditions have damaged wheat crops. Some analysts speculate that Russia, one of the world's largest wheat exporters, will have to move to limit exports later this year to ensure sufficient domestic supplies, even though Russia last week said it has no plans to restrict grain exports.