In Russia, grain prices went into reverse again this week. According to Sovecon analysts, many traders have used the falling ruble to buy grain cheaply. In Novorossiysk, a ton of wheat was last traded at $370, up to $20 below the level of the previous week. Furthermore, the experts expect that Russian exports will increase and reach a volume of 33.9 million tons this season. This corresponds to an increase of 0.4 million tons.
Source
VR Agrarberatung