Why Russian wheat is not competitive today
Egyptian GASC is holding a new wheat tender today for 8-22 August shipment. It looks like Romania and perhaps Ukraine could be the winners today. Why Russian traders are cautious sellers?
Global grain market higher supported by weather
The rally in grains continues. After a very strong week, corn and wheat are sharply higher on Monday again, gaining 3-4%. The market is supported by weather issues all over the globe.
Weather to improve in the Black Sea
Parts of the Black Sea are to get much-needed precipitation
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.
Russian wheat hits a new high on China’s imports and poor outlook for corn crop in the Black Sea
Wheat climbes higher supported by corn which is driven by Chinese imports and poor Black Sea crop
The Black Sea 20/21 round-up: Good wheat crop and exports despite a disappointing start
The start of the 2020 wheat harvest campaign around the Black Sea was a disaster. Both Russia and Ukraine were reporting yields around 30% lower than a year ago after a prolonged dryness period in spring which damaged crops in the region substantially.
Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls?
Last week, Russian wheat prices started to ease but dryness in the Black Sea should remain on the markets’ radar
August WASDE report Black Sea commentary
USDA has just released the new WASDE report, here’s our quick commentary
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 …
Ukraine’s bumper corn crop to pressure U.S. exports business
Ukraine is expected to harvest a record-high corn crop this year which threatens the US exports to Asia