Ad hoc commentary

Weekly round-up of Black Sea grain market – May 9

The weekly review of key Black Sea wheat and corn events

SovEcon ups Russian wheat crop forecast; Russia and Ukraine could export 60+ mmt of wheat in 2022/23

Russia could harvest 87 mmt of wheat in 2022; Russia + Ukraine 2022/23 wheat exports to reach 60+ mmt

SovEcon: 2022/23 Russian wheat crop and exports could be record-high

Excellent weather conditions and good inputs availability could lead to a record-high Russian wheat crop

Black Sea wheat market doesn’t seem to believe in export disruptions

What do weaker Black Sea wheat quotes could be telling Chicago and Matif?

SovEcon increased 21/22 Russian wheat export estimate

2021/22 Russian wheat exports estimate upped by 0.2 mmt to 34.3 mmt, risk of export disruptions remains low

Wheat higher on Russia-West tensions, is rally overdone?

Wheat is higher 3-5% WOW on Russia-West tensions, the end of the rally could be close

Wheat continues to move lower but Russia-West tensions could change that

Wheat lost 2-4% last week but Russia-West tensions keep rising…

SovEcon ups 2022 Russian and Ukrainian wheat crop estimates

SovEcon has upped the 2022 Russian and Ukrainian wheat crop estimates on improved weather and a larger seeded area in Ukraine.

SovEcon ups Russian wheat crop forecast but says that USDA’s estimate could be too optimistic

We have upped the 2021 Russian wheat crop forecast by 0.1 mmt to 75.4 mmt. The revision reflects good crop …