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Russia

Russian wheat export forecast cut on weak pace and low crop

The export forecast has been lowered again. The reason is the current weak pace and low crop figures for 2019, released by Rosstat in December.

Russia targets the Chinese soybeans market. Should American soybean farmers worry?

In October Russian President Vladimir Putin said that China is ready to buy as many soybeans as Russia can produce. …

Slower Russian wheat exports to benefit the US

MOSCOW, Russia — In 2017/18, Russia exported a record-high 1.5 billion bushels (41 MMT) of wheat and became the largest …

Russian wheat FOB prices are down following global benchmarks

12.5% wheat prices continue to creep lower, last week they were down $1 again to $193 (FOB deep sea) on …

Russia’s wheat exports declined 14% in 18/19, further decrease is expected in 2019/20

In the 2018/19 (July-June) season Russia exported 35.3 MMT of wheat which is 14% lower than a year ago. In …

Russian wheat crop slashed to 73.7 MMT

SovEcon cut Russian wheat crop estimate from 76.6 MMT to 73.7 MMT after assessing the situation in Center and Volga Valley. The dry weather which we observed in May-June had a significant negative effect on crops in almost all key winter wheat regions.

Russian wheat crop estimate is sharply down on abnormally dry weather in June

Since the second half of May we have been anxiously watching the worsening weather conditions for the formation of new …

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 …