Milling Wheat The Black Sea market remained about unchanged last week. Russia has exported about 31 MMT so far this season, and most analysts are now estimating this year’s total will be 35 MMT (versus 41 MMT last year). Weather conditions in southern Russia and Ukraine have been generally favorable for winter wheat development so far with normal precipitation and minimal losses from winterkill. However, market operators are closely monitoring the weather development in southern Russia as some regions have been very dry during the last month with no significant rains in the forecast. The EU exported 482 KMT last week, bringing the total to 14.1 MMT against 15.1 MMT at the same time last year. That 1 MMT gap between this year’s...
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