According to Mercantile, harvest pressure will be prevalent in the wheat markets in the short-term. Smaller crops in Europe are being met with weak demand and the potential of good crops in the Southern Hemisphere. Mercantile says Russian wheat remains the cheapest origin and good crops in the Baltic states will prevent Russian prices from appreciating much. According to Mercantile, traders are trying to gauge the converging impacts of weak crops in the central EU and strong corps in the eastern and western EU countries.