SovEcon said Russia’s December grain exports will remain high fuelled by a weaker rouble, which I take to mean exporting grain is
a way of generating foreign currency, something Ukraine did when short of cash
during the Yanukovych years.
Bunge said they do not see any signs of a possible
imposition of grain export limitations by the Russian government and to date
the company does not observe any government regulation of the market, and there
is no indication that something should happen.
Which all feels a bit like the vote of absolute confidence a
football manager receives from the board right before he is given the boot.