Russia’s wheat export estimate cut on weak pace, endings stocks are still the lowest since 2007/08
* Wheat exports forecast is down again
* Ending stocks are estimated at 6.6 MMT, the lowest since 2007/08
Slower Russian wheat exports to benefit the US
MOSCOW, Russia — In 2017/18, Russia exported a record-high 1.5 billion bushels (41 MMT) of wheat and became the largest …
Russian wheat FOB prices are down following global benchmarks
12.5% wheat prices continue to creep lower, last week they were down $1 again to $193 (FOB deep sea) on …
Russian wheat prices remain flat despite volatile global benchmarks
In June, Russian export prices were mostly flat. 12.5% FOB remains slightly below $200/mt. On one hand, prices were supported …
Russian FOB wheat prices are on the rise
New crop Russian wheat prices are rising following global benchmarks. As of June 5, 12.5% wheat with July delivery is traded around $197/mt (FOB deep sea ports) which is around 9% higher than a month ago.
Russian wheat crop forecast downgraded on weather
While the market closely watches rains in US, lack of them becoming an issue for the Black Sea. SovEcon downgrades Russian wheat crop.
Russian wheat exports in April 2019 and outlook for 2019/20
2018/19 Russian wheat export campaign is almost over, exports are estimated at 34.9 mln t 2019/20 Exports are estimated at …
2019 wheat production in Russia: outlook remains optimistic on ample rains and fast planting
The weather remains favorable for the new Russian wheat crop. In recent weeks almost all key regions received 100-150% of normal rains boosting the moisture reserves during the important period of the season.
Russian FOB wheat prices were declining in April
Russian FOB wheat prices were declining in April. As of the end of the month, 12.5% wheat with the nearest delivery is traded around $218-219/mt. This is 3.5% lower than at the beginning of the month.
Russian wheat exports slow down
Russian wheat exports continue to slow down. In March 2019 the country exported 1.9 mmt of wheat (-16% MoM; -52% YoY).