Tag

export

Slower Russian wheat exports to benefit the US

MOSCOW, Russia — In 2017/18, Russia exported a record-high 1.5 billion bushels (41 MMT) of wheat and became the largest …

Russia’s wheat exports declined 14% in 18/19, further decrease is expected in 2019/20

In the 2018/19 (July-June) season Russia exported 35.3 MMT of wheat which is 14% lower than a year ago. In …

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.

Russian wheat exports in April 2019 and outlook for 2019/20

2018/19 Russian wheat export campaign is almost over, exports are estimated at 34.9 mln t 2019/20 Exports are estimated at …

Russian FOB wheat prices were declining in April

Russian FOB wheat prices were declining in April. As of the end of the month, 12.5% wheat with the nearest delivery is traded around $218-219/mt. This is 3.5% lower than at the beginning of the month.

Russian wheat exports slow down

Russian wheat exports continue to slow down. In March 2019 the country exported 1.9 mmt of wheat (-16% MoM; -52% YoY).

Russian wheat FOB prices stabilize after a sharp sell-off

At the beginning of April, Russian wheat prices stabilize after a sharp sell-off in March. As of April 8, prices for 12.5% protein wheat (FOB deep sea ports) stood at $226/t.

Top 3 destinations for Russian wheat in February 2019

In February Russia exported 2.2 mmt of wheat compared to 2.4 mmt in January and 3.3 mmt a year ago. Amid lower export volumes Russia rely more on traditional buyers.