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#crop
Russia’s outstanding wheat sales hit multi-month low
The sales are declining amid the lower competitiveness of the Russian wheat.
Russian wheat crop forecast for 2023 upped by 1.5 MMT – SovEcon
The estimate was revised due to favorable weather conditions in the key farming regions.
Russian wheat exports in April to approach record-high – SovEcon
Exports are boosted by the falling wheat prices in the domestic market and stabilizing export prices.
Russian domestic wheat prices hit lowest level since 2019
The decline in prices is attributed to high wheat supply and weak demand from exporters.
Russian domestic wheat sales up in February despite weaker exports
The contradiction may have resulted from higher sales expectations of Russian exporters.
SovEcon expects a significant reduction in wheat crop next season
The expected crop will be lower than last year, but still close to the average for the last five years.
Russia may double March wheat exports — SovEcon
The country is increasing its exports, which dropped in February due to bad weather.
Russian wheat below $300 for the first time since August 2021
Prices are declining amid strong competition with other exporters.
Winter wheat prospects improved in the South of Russia – SovEcon
Recent weather conditions helped to offset precipitation deficit in the region.
February wheat export forecast lowered on stormy weather – SovEcon
Lower export levels may temporarily alleviate pressure on prices in the global market.