Russia's wheat harvest could hit a record 100 million tons this year, according to SovEcon.
The country's wheat harvest could hit a record 100 million metric tons this year, according to SovEcon, a research firm focused on Black Sea grains and oilseeds.
Russia is the world's top wheat exporter, accounting for about one-fifth of the world's wheat exports, according to US Department of Agriculture data.
SovEcon's forecast is a 33% increase over the country's 75.2 million-ton wheat harvest last year, according to the USDA.
The inter-government International Grain Council forecasts global wheat production at 792 million tons this year — which is more than its global consumption forecast of 785 million tons, according to the council's report released on Thursday.