The simmering trade war between the US and China could further increase exports from the Black Sea region, with the possibility of shipping wheat, corn and soyabeans to China and the European Union. In a sign that may worry some U.S. wheat traders further, Brazil bought Russian wheat in July for the first time in eight years. In a report published on Tuesday, the Russian Ministry for Economic Development said that Russia exported about $900 million worth of goods in 2017, up by almost 20 percent compared to 2016.
The simmering trade war between the US and China could further increase exports from the Black Sea region, with the possibility of shipping wheat, corn and soyabeans to China and the European Union. In a report published on Tuesday, the Russian Ministry for Economic Development said that Russia exported about $900 million worth of goods in 2017, up by almost 20 percent compared to 2016.