World Perspectives
feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was again about unchanged last week. Russian 12.5 pro wheat remains the cheapest origin for that quality for the main destinations in Africa, the Middle East and Asia. The crop in Russia is now forecast at more than 83 MMT by most analysts, but the estimated exports remain at 32 MMT due to the limited logistical capacity. The EU reported that 119,000 MT were exported last week, and it also corrected the previous week’s number by adding 547,000 MT. Exports total 5.7 MMT so far versus 8.2 MMT at the same time last year. The MATIF wheat futures lost about $6 in the past two weeks. As a result, the spread between the French and Black Sea 11.5 pro has narrowed significantly. However, that was still not...

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Middle East, Mediterranean, and Africa Regional Analysis

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