Russian wheat prices hit a fresh high supported by strong ruble. What does high Russian inflation mean for the grain market?
Russian wheat prices hit a fresh high, the domestic inflation is becoming an important factor
SovEcon expects Russia to increase wheat production by 5.2 mmt in 2022
The production is expected to rebound on a good weather setup for winter wheat.
Russian wheat export prices rise to nine-year high
The market was supported by limited supply, stronger ruble and perhaps new export tactic?
Russia could reduce winter crops area by 5% on bad weather and taxes
SovEcon expects a substantial reduction in winter crops area this fall amid unfavorable weather conditions and a drop in farmers’ profitability.
Column: State intervention threatens Russia’s position as a wheat superpower
Excessive export taxes will hit the farmers’ ability to invest in production and stifle output
Siberia saves new Russian wheat crop
Russian farmers have harvest 71 mmt of wheat in bunker weight and Siberian yields are great
Russian wheat prices push higher again supported by export tax
Last week, 12.5% wheat prices in deep-sea Russian ports rose $2 to $303/mt, the new seven years high. Russian wheat continues to lose its competitive edge but hardly predictable export tax doesn’t allow exporters to lower prices.
Russian wheat prices hit 7 years high
Prices for Russian wheat with 12.5% protein at the end of last week have strengthened by $3 to $301/mt FOB deep-water ports. This is the highest price level since April 2014.
Russian wheat ruble prices lower, harvest pressure at last?
Last week, domestic wheat prices dropped in Russia by 1.5%, which was the fist decline after several weeks of rapid growth.
Russian wheat prices higher but buyers started to lower ruble bids
Last week, 12.5% wheat prices in Russian deep-sea ports rallied further, by $13 to $299/mt supported by firmer ruble prices. Earlier rally in the global benchmarks also helped. Closer to the end of the week many buyers started to lower bids hoping that the ruble market could reverse soon.