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Weekly Russian Market Commentary
• Wheat jumps as funds’ selloff fizzles; FOB slightly higher
• Russia: wheat exports expected to accelerate in March
• Ruble grain and sunflower prices rise; sunoil hits highest since 2022
• Russia weather: brief cold snap, but setup remains favorable
Ukraine crop and S&D update
• 2026 Wheat Crop Estimate Unchanged; Corn Crop Could Be Lower
• Ukrstat Releases 2025 Crop Data; Our Corn Forecast Steady
• 2025/26 Export Cut Sharply; Recovery Expected Next Season
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
Russian #wheat FOB climbed to a seven-month high on stronger futures and firmer offers from key competitors. Get the breakdown and @sizov_andre's take on importer demand in our Free Note:
Did Jake announce a fight with POTUS on the White House lawn? That would be pretty cool (and he might win at last...not absolutely sure but chances are not bad this time)
Jake Paul shows up and speaks at Trump's event.
The Black Sea is warming quickly - and that tends to reshape the winter #wheat risk profile.
Ice crust and snow mold risks likely decline, while melting snow should help early moisture.
At first glance, the setup looks constructive.
But some key wheat regions are already
🇧🇷Cargill has paused soybean exports from Brazil to China due to the implementation of stricter sanitary inspections at the request of the Chinese government.