Weekly round-up of Black Sea grain market – June 27
Russia could ease export tax; Ukraine and Russia starting yields
Ukrainian 2022 grain crop to decline substantially
New Ukrainian wheat crop could decline by 19%, corn – by 34%, says SovEcon
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!).
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 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
August WASDE report Black Sea commentary
USDA has just released the new WASDE report, here’s our quick commentary
Ukraine’s bumper corn crop to pressure U.S. exports business
Ukraine is expected to harvest a record-high corn crop this year which threatens the US exports to Asia
USA lost Chinese corn market even before the trade war thanks to Ukraine, fast-growing Black Sea exporter
USA lost Chinese corn market years ago to Ukraine, which exports rose six times in last 10 years. This year the country is expected to harvest another bumper corn crop.