World Perspectives
wheat

Russia's Wheat Export Tax

Russia has exploded as a wheat exporter, tripling its sales in just a decade. By contrast, domestic consumption grew some but has been relatively stagnant the past few years. That has because the population has grown at just 0.15 percent per year and is forecast to fall going forward. Sensitive to public resistance to food price increases, the government has been using an export tax to meter how much of the nation’s wheat gets exported. Russia’s wheat stocks-to-use ratio is higher than it has been for six of the past ten years. As in other countries, the contributions to food price inflation are more diverse than just the bulk commodity value. If wheat is on average about 12 percent of the value of a loaf of bread, halving the...

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Export Sales

Export Sales for November 19-25, 2021. Wheat:  Net sales of 79,900 metric tons (MT) for2021/2022--a marketing-year low--were down 86 percent from the previous week and 80 percent from the prior 4-week average.  Corn:  Net sales of 1,020,800 MT for 2021/2022 were down 29 percent f...

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Market Commentary: Ag Markets Bounce, Pullback as Omicron Detected in U.S.

The CBOT started the day higher with corn and the soy complex leading the way after “buy on the bounce” and “risk on” trade developed overnight and in the early morning. Confirmation from the EU that Omicron coronavirus cases present with relatively mild symptoms and a l...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $5.715/bushel, up $0.04 from yesterday's close.  Mar 22 Wheat closed at $7.905/bushel, up $0.0325 from yesterday's close.  Jan 22 Soybeans closed at $12.2825/bushel, up $0.11 from yesterday's close.  Jan 22 Soymeal closed at $349.1/short ton, up $7.3 from ye...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales for November 19-25, 2021. Wheat:  Net sales of 79,900 metric tons (MT) for2021/2022--a marketing-year low--were down 86 percent from the previous week and 80 percent from the prior 4-week average.  Corn:  Net sales of 1,020,800 MT for 2021/2022 were down 29 percent f...

feed-grains soy-oilseeds wheat

Market Commentary: Ag Markets Bounce, Pullback as Omicron Detected in U.S.

The CBOT started the day higher with corn and the soy complex leading the way after “buy on the bounce” and “risk on” trade developed overnight and in the early morning. Confirmation from the EU that Omicron coronavirus cases present with relatively mild symptoms and a l...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $5.715/bushel, up $0.04 from yesterday's close.  Mar 22 Wheat closed at $7.905/bushel, up $0.0325 from yesterday's close.  Jan 22 Soybeans closed at $12.2825/bushel, up $0.11 from yesterday's close.  Jan 22 Soymeal closed at $349.1/short ton, up $7.3 from ye...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 22-26 November 2021 Russian grain market prices moved in different directions, but the changes were not dramatic. They took place mainly due to ruble weakening and an increase of export duties. Demand from domestic buyers decreased. Export milling wheat average offer pric...

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