Russian on-farm wheat stocks are double the average
Increase in stocks can be attributed to the record-high wheat crop and relatively sluggish exports at the beginning of the export season.
Russian 2023 wheat crop estimate upped to 88 MMT
The estimate was revised up amid favorable weather conditions in the South.
Weekly Russian wheat exports decline to February low
The exports declined amid the sluggish demand at the end of the export season.
Russian wheat is being seeded at a record-high pace
Wheat is seeded at a rapid pace amid favorable weather conditions and warm temperatures at the beginning of the sowing campaign.
Russian wheat stocks are 79% higher than average – SovEcon
The stocks have significantly surpassed the average due to the record-high wheat crop and relatively sluggish exports.
Russia’s outstanding wheat sales hit multi-month low
The sales are declining amid the lower competitiveness of the Russian wheat.
Russian wheat crop forecast for 2023 upped by 1.5 MMT – SovEcon
The estimate was revised due to favorable weather conditions in the key farming regions.
Russian wheat exports in April to approach record-high – SovEcon
Exports are boosted by the falling wheat prices in the domestic market and stabilizing export prices.
Russian domestic wheat prices hit lowest level since 2019
The decline in prices is attributed to high wheat supply and weak demand from exporters.
Russian domestic wheat sales up in February despite weaker exports
The contradiction may have resulted from higher sales expectations of Russian exporters.