Whether the search for a suitable risk management tool for Black Sea wheat will ever exist is unclear, though the competition to create such an instrument is increasing. In the important world of grain and oilseed exports, wheat exports are by far the largest measured by volume. Global wheat exports exceed those of corn by more than 30 MMT, and that is if it is a good year for corn trade. The U.S. once the dominated the world’s wheat export market, routinely capturing more than 40 percent of the annual volume. Of course, that is no longer the case. In the last 20 years, other countries have become major wheat exporters. In the 2016/17 wheat marketing year, more than 85 percent of world wheat exports will be shipped from otuside the U.S...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, North America