Just as Russia reaches the point of becoming the world’s largest wheat exporter, the government is proposing a move that could undermine that positioning. Policy Machinations

Just as Russia reaches the point of becoming the world’s largest wheat exporter, the government is proposing imposition of an export tax in order to deliver cheaper feed grain to livestock producers. Currencies are being pushed by policymakers with values being driven lower by China, Sweden and other governments at the same time the U.S. Fed has spurred the U.S. dollar higher. The cost is being imposed on commodities, whose producers may eventually need a helping hand from fiscal policy. Fresh is the new “natural” when it comes to food that is supposedly better f...