The European wheat trade seems less impressed by the developments in the war between Russia and Ukraine than their American counterparts. What Russia will do after the first attack by Ukraine with Atacms missiles on Russian territory is unclear. Russian grain growers face problems of a different nature. They see that their margins are under heavy pressure and with a dry autumn, they find the risk of sowing winter wheat to be too great. This puts grain growers directly at odds with Putin's ambitions to make Russia an agricultural superpower.