The SnapshotWheat prices have rallied with December CBOT up A$40/t since the start of August.Basis in Australia has declined due to our improving production.The winter crop in Russia is important due to its high yielding nature.Russian farmers are currently planting into dry conditions, which has many concerned for the wheat crop.The Russian government are alluding to wheat export quotas.

Source: Wheat price rally fuelled by Russia – Grain Central