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August WASDE report Black Sea commentary

USDA has just released the new WASDE report, here’s our quick commentary

Russia planted record-high 29.4 mln ha of wheat

SovEcon has analyzed eagerly anticipated official data on the pre-harvest wheat area in Russia released by Russia’s statistical agency Rosstat on July 24.

Will USDA up its Russia’s wheat crop forecast?

USDA cut its Russian wheat crop estimate by 0.5 mmt to 76.5 mmt in the July WASDE report. We expect it to up its fugure later, let us explain why.

Starting wheat yields in Russia are -45% YoY

Russia started to harvest the new winter wheat crop. Starting yields are low. As of June 29, the average yield is only 2.4 mt/ha (4.4 mt/ha a year ago).

Andrey Sizov speaks about Russian grain quota and food nationalism

Food export restrictions are being lifted all over the world but Russia keeps its grain quota and the AgMin wants to use it again in the future. Andrey Sizov from SovEcon talks about food nationalism and Russian grain quota perspectives in our video.

Andrey Sizov speaks about COVID-19 news and wheat market

Andrey Sizov from SovEcon speaks about COVID-19 news and the world wheat market. When the COVID-19 panic is over what could support the market? The answer is the weather.

Russia’s wheat export estimate cut on weak pace, endings stocks are still the lowest since 2007/08

* Wheat exports forecast is down again
* Ending stocks are estimated at 6.6 MMT, the lowest since 2007/08

Russian wheat export forecast cut on weak pace and low crop

The export forecast has been lowered again. The reason is the current weak pace and low crop figures for 2019, released by Rosstat in December.

Russia targets the Chinese soybeans market. Should American soybean farmers worry?

In October Russian President Vladimir Putin said that China is ready to buy as many soybeans as Russia can produce. …

Slower Russian wheat exports to benefit the US

MOSCOW, Russia — In 2017/18, Russia exported a record-high 1.5 billion bushels (41 MMT) of wheat and became the largest …

Ukraine’s bumper corn 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