Milling Wheat The Black Sea market is firmer. If Russia’s export surplus is assumed to be 30 MMT for this year, the approximate 13 MMT it has already shipped since the start of the campaign are equivalent to 43 percent of that total. At the current pace, exports will reach 70 percent of the surplus by the end of November. The EU has exported 3.9 MMT to date in this campaign versus 5.8 MMT at the same time last year. The Turkish Grain Board (TMO) purchased 252,000 MT of optional origin wheat at an average price of $232.90/MT CNF for October shipment. The market in Romania and Bulgaria was very quiet last week with no major export trades reported. Farmers have started planting winter wheat under generally favorable conditions.
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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...
