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...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
