World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 22–26 January 2024 The grain market could not withstand the pressure from stocks which remain high at this time of year. The export market has been driving this market for a while and intervention purchases did not save Russian farmers from the global bear. Moreover, growing export duties two weeks in a row will certainly not allow prices to grow let alone the relatively strong RUB. Intervention trading has reached 513,000 MT; however, this is a drop in the ocean compared to what is needed to reanimate a Russian bullish trend.  In the near term, the market will remain bearish unless a miracle happens. In January, Russian wheat exports are lagging past year’s indicators. Particularly, expected expor...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

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