Milling Wheat The Black Sea market continued to stay about unchanged last week. Russian exports will reach close to 15 MMT for the first four months of the campaign, which is significantly more than last year. If that higher pace of exports is maintained in the coming months versus last year, the estimates of a total 32-33 MMT will no longer seem excessively optimistic. According to local analysts, 35 MMT are the absolute maximum if all the ports work at full capacity, taking into account the barley and corn export programs. Considering that the full capacity is difficult to achieve in winter months, 33 MMT seems to be a reasonable number without extreme adverse weather during that period. In an effort to support domestic prices, the Russi...
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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