![\"moscow-kremlin-russia.jpg\"](\"http:\/\/static.businessinsider.com\/image\/4afd6d4c0000000000d6c0d8\/moscow-kremlin-russiajpg.jpg\")
<\/p>\n<\/p>\n
In today’s Gartman Letter, analyst Dennis Gartman<\/a> veers off course for a moment to discuss Russia and its impact on the world’s grain market. <\/p>\n It appears Russia<\/a> is poised to control 9% of world trade by 2015. A scary thought for anyone involved in commodities or trade.<\/p>\n The Gartman Letter<\/a>: Turning then to the grain markets, we found an interesting article this morning noting that the United Grain Company in Russia has issued a press release stating that it hopes to control 9% of the world trade by 2015. Further, UGC expects its annual exports of grain from Russia to reach 8 million metric tons in the next two years. A metric tonne of corn is approximately 40 bushels of corn or just under 37 bushels of wheat. Doing the rough math, 8 million metric tonnes is approximately 310 million bushels of “grain.” United Grain is aggressive if nothing else.<\/p>\n But this is not the important part of the press release. What was really important was buried a bit deeper into the press released, for there the company….which also acts as the Russian government’s official agent in grain trading in many instances…. expects it shall sell 4 million tonnes of grain from the state’s stockpiles this calendar year and expects to sell another 7 million tonnes next year. In the process the government will see its stockpile of grain fall to 5 million tonnes by 2011 from 8 million tons at the start of this year. Now that has our bullish attention, and certainly we shall keep that in mind going forward.<\/p>\n Nonetheless, the trend in the grain markets remains downward; the size of the US crop remains huge; demand seems, for the moment, to be a bit more demure than it was thought only a short while ago, and farmer selling remains an overhead problem.<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n In today’s Gartman Letter, analyst Dennis Gartman veers off course for a moment to discuss Russia and its impact on the world’s grain market. It appears Russia is poised to control 9% of world trade by 2015. A scary thought for anyone involved in commodities or trade. The Gartman Letter: Turning then to the grain […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-248509","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/248509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=248509"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/248509\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=248509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=248509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=248509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
<\/p>\n","protected":false},"excerpt":{"rendered":"