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• Wheat mixed globally, Russian FOB rises for the first time since January
• March wheat exports seen unchanged YOY
• Grains lowed in rubles while sunflower could be making a reversal
• Weather conditions deteriorate
• Winter crops remain in good condition by the end of winter
• Rosstat raised corn production figures for 2023 to record levels
• Wheat crop forecast raised amid good condition of winter crops
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