World Perspectives
feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was about unchanged last week. There were no significant moves in the Russian domestic market, and the ruble was slightly weaker. Temperatures in central Russia remained very low, but there is enough snow on the ground to protect the wheat from freezing. Russia has already exported about 29 MMT so far in the current campaign, averaging approximately 3 MMT/month. The inverse between the old crop and new crop prices is about $10/MT versus $15/MT at the same time last year. The Egyptian GASC bought 120,000 MT of Russian wheat and 120,000 MT of Romanian in a tender last week, paying an average price of $233.07/MT CNF or about $2.50/MT more than in the previous tender. There were no offers for French wheat, a...

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