There was much publicity several weeks ago about Russia being a beneficiary of the U.S. – China trade war due to stronger soybean sales. The two agreed to “deepen trade in soybeans” and Russia vowed to grow more. But Russia cannot even keep up with the pace of its own expanding soybean consumption. Russian wheat prices are reportedly buoyed by stronger domestic consumption but the pace pales in comparison to the increase in production. Wheat production has been expanding at a 5.74 percent annual rate while consumption is growing at an anemic 0.23 percent. The production of corn has also outpaced Russian consumption. This is the reason that wheat and to a much lesser degree corn have become growing export products for Russ...