Black Sea wheat sharply lower on new crop prospects, Russian farmers hope that the tax will be lifted in 2021
Last week, 12.5% wheat prices in deep-sea ports dropped $21 to $253/mt. Traders continued to report extremely low demand, global benchmarks moved lower.
Black Sea wheat prices lower on weak demand and good weather
Russian wheat prices in deep-sea ports dropped $9 to $274/mt (12.5%, FOB) on lack of demand and weaker global benchmarks
Black Sea wheat prices lower on improving weather
Weather improves in the Northern Hemisphere pushing Black Sea wheat prices lower
Wheat bids in Russia’s ports fell more than 10%
Wheat bids in Russia’s ports fell more than 10% as farmers sell more aggressively
Russian domestic wheat market is weakening as farmers are starting to sell
Ruble wheat prices are down on bigger supply and low demand from exporters and processors.
Ruble wheat prices up, government threatens to cap grain prices
Last week, wheat ruble prices were higher again in Russia’s market, supported by sluggish farmers’ sales. The government tries to encourage farmers to sell more aggressively.
Wheat prices sharply up as Russia introduced new restrictions
Wheat prices sharply higher after Russia’s tax news
Russian wheat tax and quota – market implications
Russia is introducing a flat wheat export tax of 25 EUR/mt (EURUSD = 1.21). What does that mean for global wheat market?
Russian wheat flat, grain processors lobby for export tax
Russian export market remains relatively flat. 12.5% wheat prices in deep-sea ports declined by $1 to $253/mt. The market continues to watch the weather in the Black Sea and follow closely a discussion about potential export restrictions.
Russian wheat is slightly higher on firm domestic market
Russian export prices were slightly higher this week, supported by the domestic market. 12.5% wheat prices in deep-sea ports rose $1 to $254/mt, in shallow ports were up $2 to $235/mt.