Russian Grain Markets: 9-13 May 2022 Most businesses were closed from 1-9 May as Russians celebrated Soviet holidays. Trade has now resumed and there is a bearish mood on all fronts. Exporters decreased their interest in the Black Sea ports and local currency strengthened thus solidifying the bearish trend. Export duties for wheat continued decreasing which was hard to predict while barley and corn export duties increased as forecasted earlier. New duties for 18-24 May are as follows:
Wheat: $111.9 vs $ 114.3 - 2.4 Barley: $76.5 vs $ 74.1 + 2.4 Corn: $ 77.3 vs $ 77.0 + 0.3
Export FOB Black Sea prices grew to $395/MT. Feed barley prices FOB remained unchanged at...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
