Tag

Wheat

Russia sold wheat to GASC at best price, is the largest wheat exporter ready to take over Egyptian market?

After a long pause, Russian wheat successfully participated in the GASC tender. The Egyptian firm bought 60K of Russian wheat at $240 FOB (180 days payment) + $27.7 freight.

Russian wheat is cheaper on record-high on-farm stocks. Will this convert into aggressive exports in 21/22?

Russian wheat tumbled on higher supply from farmers amid approaching new crop and record-high on-farm stocks.

Weather helps new Russian wheat crop, SovEcon upped the forecast

SovEcon upped the Russian wheat crop forecast on favorable weather

Russia seeds spring wheat at the highest pace in five years

Russian farmers have seeded 12.8 mln ha of spring wheat compared to USDA’s estimate of 12 mln ha

Weather models predict different precipitation for key Russian spring wheat regions

The weather has been unfriendly for Russian spring wheat so far but things could change this week.

Why Russian wheat is not competitive today

Egyptian GASC is holding a new wheat tender today for 8-22 August shipment. It looks like Romania and perhaps Ukraine could be the winners today. Why Russian traders are cautious sellers?

3 reasons why Russian farmers still like wheat

As of May 13, Russian farmers have seeded 4.1 mln ha of spring wheat. The seeding is catching up with the average pace on warmer weather after late spring which delayed the planting campaign in many regions. Despite the export tax we expect the country to increase the spring wheat area. Here’s why.

Russia’s spring wheat area is to rise this year

Russia’s spring wheat area is expected to rise this year despite export taxes and sluggish campaign start

Black Sea wheat moved lower again but global benchmarks are on the rise

12.5% wheat prices in Russian deep-sea ports dropped $4 to $244/mt. The market was under pressure of weak demand which can increase short-term thanks to higher global benchmarks.

Russian wheat floating tax explained, GASC returns to the market

Egyptian GASC is holding a wheat tender on April 6 for August shipment. We believe that the Egyptian firm could return to the market to test how the new Russian floating tax will affect offers. Andre explains how it’s calculated.