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#crop

Black Sea wheat sharply lower on new crop prospects, Russian farmers hope that the tax will be lifted in 2021

Last week, 12.5% wheat prices in deep-sea ports dropped $21 to $253/mt. Traders continued to report extremely low demand, global benchmarks moved lower.

Black Sea wheat prices lower on weak demand and good weather

Russian wheat prices in deep-sea ports dropped $9 to $274/mt (12.5%, FOB) on lack of demand and weaker global benchmarks

Russia: share of wheat in poor condition has fallen unprecedentedly

Share of Russia’s grain crops in poor condition has fallen to 7-9% since November when it was at 22%, a record high level for a decade.

Andrey Sizov speaks about Russian grain taxes and 2021 wheat crop

Q&A with Andrey about Russian grain taxes and 2021 wheat 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.

Russia’s wheat prices continue to rise; September exports could set a new record

Last week, 12.5% Russia’s wheat prices in deep-sea ports rose sharply, by $8, to $222/mt. The market was supported by strong demand from importers. Russian wheat starts to lose its competitive edge after the recent rally.

Russia planted record-high 29.4 mln ha of wheat

SovEcon has analyzed eagerly anticipated official data on the pre-harvest wheat area in Russia released by Russia’s statistical agency Rosstat on July 24.

Starting wheat yields in Russia are -45% YoY

Russia started to harvest the new winter wheat crop. Starting yields are low. As of June 29, the average yield is only 2.4 mt/ha (4.4 mt/ha a year ago).

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.

Russian wheat traders face a tough start to the season

Russia’s traders face a tough start of the new export season. Farmers remain slow sellers, the ruble is strong and new crop outlook is deteriorating. July wheat exports are projected at 3.1 MMT, -18% YoY.