Russia. Bearish trends on wheat market


Bearish trends dominated the Russian wheat market last week. Export prices for Russian milling wheat with 12.5% protein closed the week down at $195‑197/MT FOB in Novorossiysk port and $165‑169/MT FOB in small ports for August-September delivery.

Prices for 11.5%- protein wheat closed the week down some $4/MT at $180‑183/MT FOB in Novorossiysk port and $153‑156/MT FOB in small ports, August-September delivery.

Feed wheat price also ended the week with a decrease by $3-4/MT, reports UkrAgroConsult.

 milling wheat russia

The prices are pressured by the world market’s downward trend, the wheat harvest peak in Russia and new-crop grain arrivals.

More information on price behavior on grain market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Grain & Oil" and "Online market review" by UkrAgroConsult.



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