Tag
Exports
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.
Russia’s outstanding wheat sales hit 2.9 MMT, a new record-high
The increase in sales is driven by strong demand for Russian wheat amid record-high harvest.
Russian wheat stocks 41% higher than average – SovEcon
The growth in stocks can be attributed to the slow export pace during the first half of the 2022/23 farming season and a record-high wheat harvest.
Russian on-farm wheat stocks are 42% higher than average
The high stocks may support country’s wheat exports during the first half of 2023 and influence global market prices.
Weekly round-up of Black Sea grain market – June 27
Russia could ease export tax; Ukraine and Russia starting yields
Weekly round-up of Black Sea grain market – June 20
SovEcon upped new Russian wheat crop estimate despite worsening winter wheat conditions
Weekly round-up of Black Sea grain market – June 13
Crop conditions detiorate in Black Sea; new Kremlin narrative could be a gamechanger
Weekly round-up of Black Sea grain market – June 6
Ukraine planted 4.6 mln ha of corn (+0.9 to USDA); Nikolaev grain terminal on fire