Russian Grain Markets: 14-18 June 2021 The influence of the 2021 yield on the Russian market increased as harvesting progressed in the south of Russia. Today, the export duty remained unchanged for feed barley but grew for wheat and corn:
Wheat export duty: $38.1/MT @ $254.5/MT
Barley export duty: $39.6/MT @ $241.7/MT
Corn export duty: $ 50.2/MT @ $256.8/MT
Thus, we can forecast decrease of bid prices from exporters for 2021 yield grain. On the other hand, domestic prices in the south of Volga-Valley region, southern Ural, and western Siberia may go up due to very dry and hot weather. Meanwhile, the export milling wheat average price decreased to $258/MT FOB Black Sea. The average purchase price decrea...
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