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Russian domestic wheat sales up in February despite weaker exports
The contradiction may have resulted from higher sales expectations of Russian exporters.
SovEcon expects a significant reduction in wheat crop next season
The expected crop will be lower than last year, but still close to the average for the last five years.
Russia may double March wheat exports — SovEcon
The country is increasing its exports, which dropped in February due to bad weather.
Russian wheat below $300 for the first time since August 2021
Prices are declining amid strong competition with other exporters.
Winter wheat prospects improved in the South of Russia – SovEcon
Recent weather conditions helped to offset precipitation deficit in the region.
February wheat export forecast lowered on stormy weather – SovEcon
Lower export levels may temporarily alleviate pressure on prices in the global market.
Russia’s outstanding wheat sales hit 2.9 MMT, a new record-high
The increase in sales is driven by strong demand for Russian wheat amid record-high harvest.
Russian wheat stocks 41% higher than average – SovEcon
The growth in stocks can be attributed to the slow export pace during the first half of the 2022/23 farming season and a record-high wheat harvest.
Russian on-farm wheat stocks are 42% higher than average
The high stocks may support country’s wheat exports during the first half of 2023 and influence global market prices.
WEEKLY ROUND-UP OF BLACK SEA EVENTS – SEPTEMBER 19
Ukraine and Russian grain exports speed up; wheat sell-off on Monday could be a buying opportunity
WEEKLY ROUND-UP OF BLACK SEA EVENTS – AUGUST 29
Ukraine starts large offensive in Kherson; wheat rallies 4%+ on Monday