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#crop
Russian wheat bids rise to last year’s levels
The price rise has been bolstered by favorable global market conditions, reduced export taxes, and active competition among exporters.
Russian domestic wheat prices rise to a three-month high
The price growth was driven primarily by the high demand from the exporters.
SovEcon lowered Russian wheat production forecast
The drop in wheat production could result from adverse weather conditions in the Volga Valley, Siberia, and the Urals.
Russian wheat exports in June could triple YoY – SovEcon
Russia continues to actively export wheat amid record-high stocks.
Russian wheat exports may top last year’s record
The projection was revised due to higher crop estimates, a low likelihood of new wheat intervention purchases, and the launch of a new port terminal.
Russian on-farm wheat stocks are double the average
Increase in stocks can be attributed to the record-high wheat crop and relatively sluggish exports at the beginning of the export season.
Russian 2023 wheat crop estimate upped to 88 MMT
The estimate was revised up amid favorable weather conditions in the South.
Weekly Russian wheat exports decline to February low
The exports declined amid the sluggish demand at the end of the export season.
Russian wheat is being seeded at a record-high pace
Wheat is seeded at a rapid pace amid favorable weather conditions and warm temperatures at the beginning of the sowing campaign.
Russian wheat stocks are 79% higher than average – SovEcon
The stocks have significantly surpassed the average due to the record-high wheat crop and relatively sluggish exports.