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.
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