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Wheat prices sharply up as Russia introduced new restrictions

Wheat prices sharply higher after Russia’s tax news

Weather to improve in the Black Sea

Parts of the Black Sea are to get much-needed precipitation

SovEcon cut 2020/21 Russia’s wheat export estimate by 10%

SovEcon, a leading Black Sea agricultural markets consultancy, cut 2020/21 Russia’s wheat export estimate from 40.8 MMT to 36.3 MMT …

Wheat FOB prices rise on Russia’s customs’ delays

Russian 12.5% wheat prices in deep-sea ports rose $2 again to $259/mt (FOB) on customs’ delays, things are improving this week

Russian wheat tax and quota – market implications

Russia is introducing a flat wheat export tax of 25 EUR/mt (EURUSD = 1.21). What does that mean for global wheat market?

Russian wheat flat, grain processors lobby for export tax

Russian export market remains relatively flat. 12.5% wheat prices in deep-sea ports declined by $1 to $253/mt. The market continues to watch the weather in the Black Sea and follow closely a discussion about potential export restrictions.

Russian wheat is slightly higher on firm domestic market

Russian export prices were slightly higher this week, supported by the domestic market. 12.5% wheat prices in deep-sea ports rose $1 to $254/mt, in shallow ports were up $2 to $235/mt.

Russian wheat down $2 week on week, weather improves

Russian 12.5% wheat prices in deep-sea port were marginally down week on week, by $2 to $253/mt, as per SovEcon

Russian wheat hits a new high on China’s imports and poor outlook for corn crop in the Black Sea

Wheat climbes higher supported by corn which is driven by Chinese imports and poor Black Sea crop

The Black Sea 20/21 round-up: Good wheat crop and exports despite a disappointing start

The start of the 2020 wheat harvest campaign around the Black Sea was a disaster. Both Russia and Ukraine were reporting yields around 30% lower than a year ago after a prolonged dryness period in spring which damaged crops in the region substantially.

Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls?

Last week, Russian wheat prices started to ease but dryness in the Black Sea should remain on the markets’ radar