The dry and cold weather in southern Russia is a serious concern for next year's wheat crop. Local analysts are estimating that it could decline 10-15 MMT from this year's 62 MMT. Milling Wheat The Black Sea market remains supported. The dry and cold weather in southern Russia is a serious concern for next year's wheat crop. Local analysts are estimating that it could decline 10-15 MMT from this year's 62 MMT. The market is nervous about possible export restrictions at the start of 2015.The EU allocated 518,000 MT of wheat export licenses, bringing the total to 12 MMT versus 11.2 MMT at the same time last year.The Bulgarian and Romanian market is very quiet as the farmer selling has slowed significantly. Farmers in the region usually sto...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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