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• Wheat higher on US export sales to China
• Russian export sales up sharply
• Wheat higher on recovery in demand from domestic buyers
• Russian Volga Valley to face first serious cold snap
• 2023 corn crop estimate increased due to near-record yield
• 2024 wheat crop estimate raised by 0.4 mmt to 20.1 mmt
• 2023/24 export estimates upped on accelerated export pace
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