Strong correlation between world wheat prices and strength of the Russian ruble

Gregor Heard
Updated August 8 2019 - 9:59am, first published August 6 2019 - 4:13pm
The value of the ruble and hard wheat futures are closely correlated.
The value of the ruble and hard wheat futures are closely correlated.

RUSSIA and other former Soviet Union states such as Ukraine will continue to set the agenda in terms of world wheat exports over coming years, while the Chinese economy will remain critical in regards to the strength of the economies of key wheat exporters, such as the former Soviet Union, Australia and the US.

Gregor Heard

Gregor Heard

National Grains Industry Reporter

Gregor Heard is ACM's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector.

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