Russian Grain Markets: 7-11 June 2021 Russian domestic grain markets have heard the first trumpets of the new crop approach. However, bearish sentiments are already here while harvest may be slightly delayed due to a late spring. The bear has been moving slowly but steadily north and now Black Soil region is copying the bearish pattern of south Federal District which has been on this track for a couple of weeks. Among negative trends are the introduction of the export duty, a bearish world market mood, and RUB appreciation. The only factor which can be mathematically calculated and appreciated is the export duty which will change starting today, but that news alone already had its effect on the market. In particular:
Wheat export dut...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
