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SovEcon cut Russian wheat crop to 76 mmt, USDA’s forecast – 85 mmt
SovEcon cut Russia’s wheat crop forecast from 82.3 mmt to 76.4 mmt. The main reason is the substantially smaller winter wheat area reported by Rosstat.
Russian wheat prices up substantially
Prices for Russian wheat rose steadily last week. Export quotes for wheat with protein 12.5% strengthened by 2.5% to $245/t FOB
Russian wheat crop outlook worsens on hot weather
Outlook for Russian wheat crop worsens. SovEcon cut 2021 crop estimate from 84.6 mmt to 82.3 mmt two weeks ago, USDA lowered its estimate by 1 mmt to 85 mmt a week ago.
Russian wheat prices tumbled on bumper crop expectations but starting yields don’t confirm them
Last week, 12.5% wheat prices in Russia’s deep-sea ports tumbled $12 to $234/mt FOB. This was driven by weaker global benchmarks and expectations of the bumper crop.
Russia sold wheat to GASC at best price, is the largest wheat exporter ready to take over Egyptian market?
After a long pause, Russian wheat successfully participated in the GASC tender. The Egyptian firm bought 60K of Russian wheat at $240 FOB (180 days payment) + $27.7 freight.
SovEcon upped Russian wheat crop forecast; first winter barley yields in Russian South are great
Last week, SovEcon upped the new Russian wheat crop forecast by 2.2 mmt to 84.6 mmt. Russia is #1 wheat exporter.
Russian wheat is cheaper on record-high on-farm stocks. Will this convert into aggressive exports in 21/22?
Russian wheat tumbled on higher supply from farmers amid approaching new crop and record-high on-farm stocks.
Weather helps new Russian wheat crop, SovEcon upped the forecast
SovEcon upped the Russian wheat crop forecast on favorable weather
Russia seeds spring wheat at the highest pace in five years
Russian farmers have seeded 12.8 mln ha of spring wheat compared to USDA’s estimate of 12 mln ha
Weather models predict different precipitation for key Russian spring wheat regions
The weather has been unfriendly for Russian spring wheat so far but things could change this week.
Why Russian wheat is not competitive today
Egyptian GASC is holding a new wheat tender today for 8-22 August shipment. It looks like Romania and perhaps Ukraine could be the winners today. Why Russian traders are cautious sellers?