Weather helps new Russian wheat crop, SovEcon upped the forecast

SovEcon upped the Russian wheat crop forecast on favorable weather

Last week was friendly for Russian winter wheat regions again. The South, the Center and the Volga Valley received 20-40 mm of rains. In some cases, it was too wet which could lead to the spread of diseases, first of in the South where temperatures were below the norm. 

Key spring wheat regions, the Urals and Siberia, received some rains at last (5-20 mm), but some damage to spring yields had been done already.

This week, winter wheat regions are predicted to be mainly drier with 2-15 mm of rain. However, parts of the South (Rostov and Krasnodar), are still predicted to be abnormally wet (20-40 mm). At this stage, this could lower the quality of the new wheat crop in terms of protein and gluten content.

Siberia is predicted to receive more much-awaited rains (15-30 mm).

Last week, SovEcon upped the Russian wheat crop forecast by 1.5 mmt to 82.4 mmt on good crop conditions and a bigger spring wheat area. If the current precipitation forecast is realized, the estimate could be upped further. 

Follow the Black Sea grain market

Get your free trial of The Sizov Report — an analytical service covering agricultural markets of Russia, Ukraine and Kazakhstan

Try for free

More Articles for You

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.