Russian wheat prices hit a fresh high supported by strong ruble. What does high Russian inflation mean for the grain market?
Russian wheat prices hit a fresh high, the domestic inflation is becoming an important factor
Russian wheat export prices rise to nine-year high
The market was supported by limited supply, stronger ruble and perhaps new export tactic?
Russian wheat prices push higher again supported by export tax
Last week, 12.5% wheat prices in deep-sea Russian ports rose $2 to $303/mt, the new seven years high. Russian wheat continues to lose its competitive edge but hardly predictable export tax doesn’t allow exporters to lower prices.
Russian wheat prices hit 7 years high
Prices for Russian wheat with 12.5% protein at the end of last week have strengthened by $3 to $301/mt FOB deep-water ports. This is the highest price level since April 2014.
Russian wheat is cheaper on record-high on-farm stocks. Will this convert into aggressive exports in 21/22?
Russian wheat tumbled on higher supply from farmers amid approaching new crop and record-high on-farm stocks.
Why Russian wheat is not competitive today
Egyptian GASC is holding a new wheat tender today for 8-22 August shipment. It looks like Romania and perhaps Ukraine could be the winners today. Why Russian traders are cautious sellers?
Black Sea wheat moved lower again but global benchmarks are on the rise
12.5% wheat prices in Russian deep-sea ports dropped $4 to $244/mt. The market was under pressure of weak demand which can increase short-term thanks to higher global benchmarks.
Russian wheat floating tax explained, GASC returns to the market
Egyptian GASC is holding a wheat tender on April 6 for August shipment. We believe that the Egyptian firm could return to the market to test how the new Russian floating tax will affect offers. Andre explains how it’s calculated.