Market commentary

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).

Russia can produce another bumper wheat crop in 2019

Russian wheat looks good in the beginning of April. It was another mild winter, favorable for the new crop with enough snow in majority of regions and no temperatures low enough to threaten new crop yields.