Wheat stocks close to 19/20 in South, up in Volga and Center
• FOB wheat up again, supported by higher global benchmarks
• Farmers sell sunflower aggressively prefer to keep wheat stocks
• Sunflower market could be close to bottom with substantial upside
• Winter unfavorable for 2021 wheat crop, risks of poor crop in South are getting bigger
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.