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• 2022 wheat crop estimate cut, corn – upped
• Planting progress pace is 25% lower than previous year
• Weather is challenging
• Wheat stronger on Indian ban, but good Russian crop outlook helps bears
• Wheat exports keep falling
• Grain and sunflower prices lower on strong ruble and weak demand
• Seeding lags substantially in the Volga Valley
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.
One email every Monday on key events in the Black Sea from Andrey Sizov
