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Russia
3 reasons why Russian farmers still like wheat
As of May 13, Russian farmers have seeded 4.1 mln ha of spring wheat. The seeding is catching up with the average pace on warmer weather after late spring which delayed the planting campaign in many regions. Despite the export tax we expect the country to increase the spring wheat area. Here’s why.
Russia’s wheat prices higher, the market talks about low stocks
12.5% wheat prices in Russian deep-sea ports rose by $4 to $274/mt. The Black Sea follows the rest of the world where prices continue to rise reflecting the tightness of 2020/21 global grain S&D.
Russia’s spring wheat area is to rise this year
Russia’s spring wheat area is expected to rise this year despite export taxes and sluggish campaign start
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.
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
Russia: share of wheat in poor condition has fallen unprecedentedly
Share of Russia’s grain crops in poor condition has fallen to 7-9% since November when it was at 22%, a record high level for a decade.
Q&A: Russia’s Grain Export Taxes Could Mean the End of its Wheat Market Dominance – DJN
Q&A with Andrey Sizov, head of SovEcon / sizov.report, and Will Horner, Dow Jones Newswires, about Russia’s grain export taxes and their implications for Russia and the global grain market.