World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2–9 February 2024 The market remained bearish following the global bearish trend, huge stocks, and growing export duties. It’s not clear why the government would continue raising export duties in a bearish export market. The case with the feed barley duty makes it clear a decrease in the export duty helps. In the Black Sea region, Russia’s only rival for feed barley is Ukraine which is now struggling with exporting excessive corn stocks and is unlikely to harm Russia’s barley dominance in the region. At least not this season.  Russia has been quite strong in the global grain markets during 2023/24 and this season may become Russia’s record-breaking year as the export forecast is al...

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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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