News

According to the data of the Bank of Russia, during January-September of 2009, the foreign trade turnover of Russia totaled 339.8 bln USD (57.4% to January-September of 2008), including exports – 208.2 bln USD (55.7%), imports – 131.5 bln USD (60.2%).

Ukraine’s agriculture ministry reported Monday that winter grains were in good condition on 39.8% of the total winter grain-planted area for the 2010 harvest, with winter grains in satisfactory condition on 43.5% of the total planted area and winter grains in poor condition on 16.7% of the total planted area.

Wheat fell for a third straight day as demand for U.S. grain slid, eroded by rising global supplies. From June 1 to Nov. 12, overseas buyers committed to purchase 14.3 million metric tons of U.S. wheat, 29 percent less than a year earlier, Department of Agriculture data show. The dollar gained as much as 0.8 percent against a basket of six major currencies, making U.S. exports less appealing.

Corn prices slipped, paring this week’s gain, as a rebound by the dollar curbed investor demand for commodities to hedge against inflation.