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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