Russia planted record-high 29.4 mln ha of wheat
SovEcon has analyzed eagerly anticipated official data on the pre-harvest wheat area in Russia released by Russia’s statistical agency Rosstat on July 24.
Starting wheat yields in Russia are -45% YoY
Russia started to harvest the new winter wheat crop. Starting yields are low. As of June 29, the average yield is only 2.4 mt/ha (4.4 mt/ha a year ago).
Andrey Sizov speaks about Russian grain quota and food nationalism
Food export restrictions are being lifted all over the world but Russia keeps its grain quota and the AgMin wants to use it again in the future. Andrey Sizov from SovEcon talks about food nationalism and Russian grain quota perspectives in our video.
Andrey Sizov speaks about COVID-19 news and wheat market
Andrey Sizov from SovEcon speaks about COVID-19 news and the world wheat market. When the COVID-19 panic is over what could support the market? The answer is the weather.
Russia’s wheat export estimate cut on weak pace, endings stocks are still the lowest since 2007/08
* Wheat exports forecast is down again
* Ending stocks are estimated at 6.6 MMT, the lowest since 2007/08
Russian wheat export forecast cut on weak pace and low crop
The export forecast has been lowered again. The reason is the current weak pace and low crop figures for 2019, released by Rosstat in December.
Slower Russian wheat exports to benefit the US
MOSCOW, Russia — In 2017/18, Russia exported a record-high 1.5 billion bushels (41 MMT) of wheat and became the largest …
Russian wheat FOB prices are down following global benchmarks
12.5% wheat prices continue to creep lower, last week they were down $1 again to $193 (FOB deep sea) on …
Russia’s wheat exports declined 14% in 18/19, further decrease is expected in 2019/20
In the 2018/19 (July-June) season Russia exported 35.3 MMT of wheat which is 14% lower than a year ago. In …
Russian wheat traders face a tough start to the season
Russia’s traders face a tough start of the new export season. Farmers remain slow sellers, the ruble is strong and new crop outlook is deteriorating. July wheat exports are projected at 3.1 MMT, -18% YoY.