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.
Andrey Sizov
10.04.2020
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.
Get your free trial of The Sizov Report — an analytical service covering agricultural markets of Russia, Ukraine and Kazakhstan
Try for free
Wheat sales slowed due to stormy weather in the Black Sea.
The yield in 2024 is expected to move lower on expected average 2024 crop conditions and decline in agriculture inputs application.
After three months of decline, the market is bottoming out amid increasing demand and shrinking supply.
Russian wheat prices may reverse after a three-month decline amid higher demand and lower supply.
The sluggish export reflects a slowdown in ongoing sales.
The estimate was revised amid sluggish wheat sales and anticipated purchases for the intervention fund.