The Sizov Report blog

Russia is likely to suspend its floating grain export duties through the end of 2026. The Agriculture Ministry is preparing …

Russian wheat exports are set to fall sharply in August as disruptions at key Black Sea ports continue to restrict …

Black Sea disruptions and weak demand weigh on shipments

Russian wheat exports totaled an estimated 1.6 mmt in July, the lowest for the month since 2017/18, according to a …

Russian wheat prices hit a new high but we think that season’s peak could be close

Last week, domestic wheat prices dropped in Russia by 1.5%, which was the fist decline after several weeks of rapid growth.

Last week, 12.5% wheat prices in Russian deep-sea ports rallied further, by $13 to $299/mt supported by firmer ruble prices. Earlier rally in the global benchmarks also helped. Closer to the end of the week many buyers started to lower bids hoping that the ruble market could reverse soon.

Russia’s domestic wheat market is rising fast, supported by demand from exporters and domestic buyers as well as worsening crop outlook. This could negatively affect wheat exports pace during the next few months from the top world wheat exporter.

Russia’s domestic wheat market is rising fast, supported by demand from exporters and domestic buyers as well as worsening crop outlook. This could negatively affect wheat exports pace during the next few months from the top world wheat exporter.

Prices for Russian wheat rose steadily last week. Export quotes for wheat with protein 12.5% ​​strengthened by 2.5% to $245/t FOB