Ad hoc commentary

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 …

Russian wheat export quota failed to help bulls

Russian 9 mmt wheat quota looks non-disruptive to exports, says SovEcon

Russian wheat exports on the rise

Russian wheat exports have been growing in recent weeks. According to customs, as of the week ended November 17, 0.82 …

Ukraine to harvest a record-high corn crop in 2021, wheat production is expected to decline next year

We have revised Ukraine’s crop numbers for 2021 (bearish corn) and have issued the first 2022 wheat crop forecast (bullish!).

SovEcon expects Russia to increase wheat production by 5.2 mmt in 2022

The production is expected to rebound on a good weather setup for winter wheat.

Russia could reduce winter crops area by 5% on bad weather and taxes

SovEcon expects a substantial reduction in winter crops area this fall amid unfavorable weather conditions and a drop in farmers’ profitability.

Siberia saves new Russian wheat crop

Russian farmers have harvest 71 mmt of wheat in bunker weight and Siberian yields are great