Russian wheat export prices rose sharply last week after global benchmark Chicago wheat futures hit their highest in nearly two months and domestic supply declined due to seasonal factors. Russia, the world’s largest wheat exporter, has been reducing the pace of its exports in recent weeks. Its grain exports are up 4 percent so far this marketing year, which started on July 1, compared with 40 percent in early September. Black Sea prices for Russian wheat with 12.5 percent protein content and for delivery in January were $238 a tonne free on board (FOB) at the end of last week, up $10 from a week earlier.