Russian Grain Markets: 30 September – 4 October 2024 The first week of September proved bullish in European Russia and slightly bearish in the Asian part and Siberia. The weather factor is important but it’s not the key driver. It may become the decisive factor later on depending on how much winter wheat will be planted and the status of the crop before entering the winter season. In the meantime, Russian wheat prices which have been the most competitive on the world market despite export duties have a chance to catch up with the rest of the world and this is happening at the moment. Weaker domestic currency will only help Russia conquer other markets; however, the export duty will curb the potential making the government hap...
Accountability and a comprehensive approach to export programming
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What You Need to Know Today: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
Macro: Trade Flows Set the Tone Persian Gulf crude flows appear to be improving, with anecdotal estimates suggesting as much as 7–8 million barrels per day may now be leaving the region — nearly double the mid-July pace. That helps explain why crude has not maintained the full geopo...