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. Last Updated: 07/27/2016

Bumper Wheat Crop Hurts U.S.

WASHINGTON -- Russia's wheat exports are expected to rise to 9.5 million tons in 2002/03 and will cut into projected U.S. wheat shipments, the U.S. Department of Agriculture said Friday.

The European Union, which recently moved to limit wheat imports from Russia and Ukraine, is now expected to import 9.5 million tons from global sources, up from 8 million tons projected by USDA in December.

The increased competition from Russia will contribute to U.S. wheat exports falling, USDA said, adding it was increasing its forecast of Russian exports because of a stronger-than-expected pace to date.