Russian FOB wheat prices are on the rise

New crop Russian wheat prices are rising following global benchmarks. As of June 5, 12.5% wheat with July delivery is traded around $197/mt (FOB deep sea ports) which is around 9% higher than a month ago.

Russian wheat crop forecast downgraded on weather

While the market closely watches rains in US, lack of them becoming an issue for the Black Sea. SovEcon downgrades Russian wheat crop.

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 …

2019 wheat production in Russia: outlook remains optimistic on ample rains and fast planting

The weather remains favorable for the new Russian wheat crop. In recent weeks almost all key regions received 100-150% of normal rains boosting the moisture reserves during the important period of the season.

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 yields are growing

Growing yields are the key driver behind the increase of production of wheat in Russia.

Russia can produce another bumper wheat crop in 2019

Russian wheat looks good in the beginning of April. It was another mild winter, favorable for the new crop with enough snow in majority of regions and no temperatures low enough to threaten new crop yields.

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.