Russian Grain Markets: 28 May-1 June 2018 Domestic grain prices mainly grew as the volumes of stocks offered on the market were limited. Thus, despite the record results of MY 2017/18 grain exports, which may total 54 MMT, sellers rather than buyers are now determining the domestic market prices. Meanwhile, export prices continued to decrease. The average milling wheat export price fell to $208/MT FOB Black Sea, and purchase prices at the seaports fluctuated within $197-200/MT CPT-Black Sea port. The average export price for wheat produced in 2018 was $205/MT FOB Black Sea. Meanwhile, the average feed barley export price dropped to $202/MT FOB Black Sea, and the average purchase price decreased to $176/MT CPT-Black Sea port. The average ex...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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