Wheat bids in Russia’s ports fell more than 10%
Wheat bids in Russia’s ports fell more than 10% as farmers sell more aggressively
Russian domestic wheat market is weakening as farmers are starting to sell
Ruble wheat prices are down on bigger supply and low demand from exporters and processors.
Ruble wheat prices up, government threatens to cap grain prices
Last week, wheat ruble prices were higher again in Russia’s market, supported by sluggish farmers’ sales. The government tries to encourage farmers to sell more aggressively.
SovEcon cut 2020/21 Russia’s wheat export estimate by 10%
SovEcon, a leading Black Sea agricultural markets consultancy, cut 2020/21 Russia’s wheat export estimate from 40.8 MMT to 36.3 MMT …
Wheat FOB prices rise on Russia’s customs’ delays
Russian 12.5% wheat prices in deep-sea ports rose $2 again to $259/mt (FOB) on customs’ delays, things are improving this week
Russian wheat flat, grain processors lobby for export tax
Russian export market remains relatively flat. 12.5% wheat prices in deep-sea ports declined by $1 to $253/mt. The market continues to watch the weather in the Black Sea and follow closely a discussion about potential export restrictions.
Russian wheat is slightly higher on firm domestic market
Russian export prices were slightly higher this week, supported by the domestic market. 12.5% wheat prices in deep-sea ports rose $1 to $254/mt, in shallow ports were up $2 to $235/mt.
Russian wheat down $2 week on week, weather improves
Russian 12.5% wheat prices in deep-sea port were marginally down week on week, by $2 to $253/mt, as per SovEcon
Russian wheat hits a new high on China’s imports and poor outlook for corn crop in the Black Sea
Wheat climbes higher supported by corn which is driven by Chinese imports and poor Black Sea crop
The Black Sea 20/21 round-up: Good wheat crop and exports despite a disappointing start
The start of the 2020 wheat harvest campaign around the Black Sea was a disaster. Both Russia and Ukraine were reporting yields around 30% lower than a year ago after a prolonged dryness period in spring which damaged crops in the region substantially.