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Ukraine

Russia may double March wheat exports — SovEcon

The country is increasing its exports, which dropped in February due to bad weather.

Russian wheat below $300 for the first time since August 2021

Prices are declining amid strong competition with other exporters.

Winter wheat prospects improved in the South of Russia – SovEcon

Recent weather conditions helped to offset precipitation deficit in the region.

February wheat export forecast lowered on stormy weather – SovEcon

Lower export levels may temporarily alleviate pressure on prices in the global market.

Russia’s outstanding wheat sales hit 2.9 MMT, a new record-high

The increase in sales is driven by strong demand for Russian wheat amid record-high harvest.

Russian wheat stocks 41% higher than average – SovEcon

The growth in stocks can be attributed to the slow export pace during the first half of the 2022/23 farming season and a record-high wheat harvest.

Russian on-farm wheat stocks are 42% higher than average

The high stocks may support country’s wheat exports during the first half of 2023 and influence global market prices.

Weekly round-up of Black Sea grain market – June 27

Russia could ease export tax; Ukraine and Russia starting yields

Weekly round-up of Black Sea grain market – June 20

SovEcon upped new Russian wheat crop estimate despite worsening winter wheat conditions

Weekly round-up of Black Sea grain market – June 13

Crop conditions detiorate in Black Sea; new Kremlin narrative could be a gamechanger