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Weekly Global & Russian Market Commentary
• Wheat FOB Mixed, Futures Lower
• Russia September Wheat Export Estimate Cut Further
• Ruble Grain Prices Edge Lower, Sunflower Tumbles Again
• Winter Seeding Accelerates; Russia Wheat Harvest Nears 80 MMT
Weekly Global & Russian Market Commentary
• Wheat FOB Prices Rise but Futures Retreat on Black Sea Peace Headlines
• Russia September Wheat Exports Seen 57% Below Last Year
• Ruble Market Falls Again; Is the Wheat Sell-Off Nearing an End?
• Russian Winter Grain Seeding Substantially Below Average
Hi, I am Andrey Sizov
I am the Managing Director of SovEcon, a leading firm focused on the Black Sea agricultural markets research. For 27 years we have been forecasting crops and exports, assesing stocks and consumption and looking at other key price drivers. Every day we talk to farmers, traders and officials gathering market intelligence and sorting out the market noise.
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In our blog
Looks like Trump’s Ukraine-Russia energy ceasefire may be over already.
Ukrainian drones hit Russia’s Syzran oil refinery overnight.
That didn’t last long.
#oatt #wheat
Big spike in Russian equities after Trump’s announcement of a Russia-Ukraine energy ceasefire.
So far, neither Moscow nor Kyiv has confirmed it.
#oatt #wheat
Russia’s winter #grain planting is running well behind normal.
As of Sept. 4, 2.6 mln ha had been planted, including 2.4 mln ha of winter wheat. That’s roughly 25% behind the average pace - or about 0.9 mln ha less than usual by this point.
Farmers are selling grain well below