World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 29 January–2 February 2024 The market was bearish following global trends and huge stocks will continue putting pressure on the market. It is hard to figure out why the government would further increase export duties seeing that the global trend is bearish and export prices are falling. Reference prices used by the government are 60 days old. The only explanation could be a weaker ruble but this applies only to trading in local currency, what about trading in U.S. dollars for export? How would traders do their job keeping their margins? Obviously, there are fewer and fewer international traders on the market and Russian mega farms and traders have sufficient margins to accept any moves the government makes duri...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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