Russia. Bullish trends on wheat export market

12.01.2018

Price movement is reported in the export market of Russian high-protein wheat for the first time in month, reports UkrAgroConsult.

Export prices for Russian milling wheat with 12.5% protein closed the week up $1 at $191-193/MT FOB in Novorossiysk port and $156-160/MT FOB in small ports, January-February delivery. They were pushed up by upward trends persisting in the global wheat market since a month ago. Another bullish factor was a steady fast pace of Russian wheat exports in view of shrinking supplies from other top global exporters at the time.

Russian wheat exports continue at a record pace due to favorable weather conditions. The first half of this season’s winter featured mild weather that had no impact on port navigation.

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" and "Online market review" by UkrAgroConsult.

 

UkrAgroConsult

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