Russia Wheat in Best Run Since April as Quality Grain Sought
- Farmers charge more for high-protein wheat after rain damage
- Ukrainian prices also climbed, while French wheat declined
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Russian wheat prices extended a rebound, capping the best run since April, as farmers charged more for high-protein grain after rains damaged crops there and in major competitor France.
Wheat for loading at Black Sea ports rose 1.2 percent from a week earlier to $170 a metric ton as of Friday, Dmitry Rylko, director general of Moscow-based Institute for Agricultural Market Studies, or Ikar, said by phone. The price, up for a fourth week, is for wheat with protein content of 12.5 percent.