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 cuts Russia’s 2021/22 wheat exports forecast, remains upbeat about near term prospects
SovEcon cut Russian wheat export forecast to 34 mmt, will USDA follow?
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
Russian wheat prices higher but buyers started to lower ruble bids
Last week, 12.5% wheat prices in Russian deep-sea ports rallied further, by $13 to $299/mt supported by firmer ruble prices. Earlier rally in the global benchmarks also helped. Closer to the end of the week many buyers started to lower bids hoping that the ruble market could reverse soon.