Ad hoc commentary

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 grain market – July 4

Russian wheat tax down $62; SovEcon upped 22/23 Russian wheat export estimate

Weekly round-up of Black Sea grain market – June 27

Russia could ease export tax; Ukraine and Russia starting yields

Weekly round-up of Black Sea grain market – June 20

SovEcon upped new Russian wheat crop estimate despite worsening winter wheat conditions

Weekly round-up of Black Sea grain market – June 13

Crop conditions detiorate in Black Sea; new Kremlin narrative could be a gamechanger

Weekly round-up of Black Sea grain market – June 6

Ukraine planted 4.6 mln ha of corn (+0.9 to USDA); Nikolaev grain terminal on fire

Weekly round-up of Black Sea grain market – May 30

Russian wheat planting lags by 10%, Ukrainian corn crop upped

Weekly round-up of Black Sea grain market – May 23

Russian wheat exports to tumble to 0.8 mmt in May, Ukraine is seeding corn fast despite the war

Weekly round-up of Black Sea grain market – May 16

Russian wheat exports to halve in May, no signs of de-escalation