World Perspectives
wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was very firm last week. Domestic prices in Russia were reported to be $5-8 higher/MT than the previous week. There were rumors that the Russian government plans to start regulating domestic prices due to the excessive export pace during July through mid-January. Those exports for the entire month of January are expected to be about 1.9 MMT, down from 3.7 MMT in December. The FOB market (in USD expression) is supported as well by the firmer ruble, which has gained more than 5 percent versus the USD since the end of December. The Ukrainian government is also concerned about the high volume of exports and has reminded the major exporters to comply with the agreed-upon level in the memorandum signed last fal...

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