Has Russia fallen victim to the Greatest Grain Robbery? The heist of more than 10m tonnes of grain from under officials' noses? That's one interpretation of the array of inventory estimates emerging from the drought-afflicted agricultural powerhouse.

While Russia's farm ministry was on Friday scouring every barn and trough for extra crop, bringing its estimate of the country's grain stockpile to 25.8m tonnes as of July 1, compared with the 21.7m tonnes estimated by government statisticians, US officials had an altogether more gloomy take.

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