World Perspectives
feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Milling Wheat The Black Sea wheat market remained very quiet this week with no significant trades reported. The weather in Southern Russia improved as the long awaited rains finally appeared this week. These rains have certainly helped part of the crop in the drought affected region. However, according to local sources, the rains came too late to salvage crops in some locations. The reports about the Russian crop prospects have been confusing this week. Some analysts said that the crop will be unchanged from last year (around 56 MMT), while others are estimating a reduced yield of 52-53 MMT due to the drought in May. It seems optimistic to call the crop unchanged since the crop in the South was under stress for an extended period of time...

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