Regional News Russia’s government announced the expected grain export quota for the period 15 February through 30 June 2023 of 25 MMT. The quota is up sharply from the 2021/22 quota of 11 MMT. The higher quota comes as the country is expected to export a record volume of grain this year (55.5 MMT), including 45.5 MMT of wheat. Milling Wheat World wheat markets continue to trade the broad trends of stiff competition from the Black Sea, consolidation/strength in CBOT and KCBT futures on concerns for the 2023 crop, and the return of dry weather in Argentina. Other than the weather outlooks for the Northern Hemisphere and old crop exports, there is little fresh news to drive wheat markets. EU wheat prices were stronge...
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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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