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Ukraine’s bumper born crop to pressure U.S. exports business
Ukraine is expected to harvest a record-high corn crop this year which threatens the US exports to Asia
Russian wheat FOB prices are down following global benchmarks
12.5% wheat prices continue to creep lower, last week they were down $1 again to $193 (FOB deep sea) on …
Russia’s wheat exports declined 14% in 18/19, further decrease is expected in 2019/20
In the 2018/19 (July-June) season Russia exported 35.3 MMT of wheat which is 14% lower than a year ago. In …
USA lost Chinese corn market even before the trade war thanks to Ukraine, fast-growing Black Sea exporter
USA lost Chinese corn market years ago to Ukraine, which exports rose six times in last 10 years. This year the country is expected to harvest another bumper corn crop.
Russian wheat traders face a tough start to the season
Russia’s traders face a tough start of the new export season. Farmers remain slow sellers, the ruble is strong and new crop outlook is deteriorating. July wheat exports are projected at 3.1 MMT, -18% YoY.
Russian wheat crop slashed to 73.7 MMT
SovEcon cut Russian wheat crop estimate from 76.6 MMT to 73.7 MMT after assessing the situation in Center and Volga Valley. The dry weather which we observed in May-June had a significant negative effect on crops in almost all key winter wheat regions.
Russian wheat crop estimate is sharply down on abnormally dry weather in June
Since the second half of May we have been anxiously watching the worsening weather conditions for the formation of new …
Russian wheat prices remain flat despite volatile global benchmarks
In June, Russian export prices were mostly flat. 12.5% FOB remains slightly below $200/mt. On one hand, prices were supported …
Russian FOB wheat prices are on the rise
New crop Russian wheat prices are rising following global benchmarks. As of June 5, 12.5% wheat with July delivery is traded around $197/mt (FOB deep sea ports) which is around 9% higher than a month ago.
Russian wheat crop forecast downgraded on weather
While the market closely watches rains in US, lack of them becoming an issue for the Black Sea. SovEcon downgrades Russian wheat crop.
Russian wheat exports in April 2019 and outlook for 2019/20
2018/19 Russian wheat export campaign is almost over, exports are estimated at 34.9 mln t 2019/20 Exports are estimated at …