The Russian government is considering a possible extension of the wheat export tax beyond 30 June. If the tax is maintained through the 2015/16 campaign, it would bring a significant impact to the state budget as well as strong reactions from the WTO and other international institutions. Milling Wheat The Black Sea market remained mostly unchanged last week. Weather conditions in southern Russia have improved with the arrival of some good rains after an extended period without any precipitation. The Russian government is considering a possible extension of the wheat export tax beyond 30 June. If the tax is maintained through the 2015/16 campaign, it would bring significant revenue to the state budget. However, such action would be severel...