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
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 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.
Bumper Black Sea wheat crop ahead as local farmers describe the weather as “almost ideal”?
Wheat planted in Russia at a record pace and the weather is good. Will country harvest another bumper crop in 2019?