Prices for Russian export wheat declined at the end of last week, as space is needed for the new crop (in July). Therefore, the courses follow the general trend of the world wheat markets.
Black Sea wheat of the old harvest with 12.5% protein costs now 191.5 USD/tonne fob, so the market analyst IKAR. Prices for the new crop for delivery in July and August to the end of the last week 176,5 cost USD/tonne. Wheat prices on the CBoT fell in the last four sessions due to the large worldwide offerings.
Russia exported since until May 18 this year, 31.9 million tons of grain is 1 July 2015 posted on the Russian Government website. 13% are more than a year ago. Up to the end of the current marketing period 33 million tonnes abroad are likely to get of 23.3 million tons of wheat.
Prices for local wheat of class III in the European part of Russia cost 200 rubles more than in the previous week. 168 USD/tonne from loading station were converted.
Wet weather has delayed the progress of the sowing of summer cereal. It is still more than a year ago. 68% of the planned area of 21.1 million hectares were sown until May 20, a year ago it was 18.8%. The spring wheat was sown on a planned total of 7.8 million hectares to 59%. 6 million acres are more than a year ago.
