Global wheat market down on good crop in Southern hemisphere
Global wheat market down on good crop in Southern hemisphere; bulls should watch weather and Russia-West talks started today
SovEcon ups 2022 Russian and Ukrainian wheat crop estimates
SovEcon has upped the 2022 Russian and Ukrainian wheat crop estimates on improved weather and a larger seeded area in Ukraine.
Ukraine to harvest a record-high corn crop in 2021, wheat production is expected to decline next year
We have revised Ukraine’s crop numbers for 2021 (bearish corn) and have issued the first 2022 wheat crop forecast (bullish!).
Black Sea wheat price rallied after WASDE
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.
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.
