The quality of Russian and Ukrainian wheat harvests will be worse because of the recent rainfall, as previously assumed. Rainy weather has led to lower protein levels in Russia. Also rising concern for fungal growth. The same applies to the Ukraine.
Russia's launch of the grain harvest is expected end of June beginning of July. Analysts expect a bumper crop. However, extrapolating with qualities as in the previous year. So analysts were critical, the next two weeks.
The beginning of the harvest in the Ukraine is expected in 2 weeks. Analysts here expect a larger share of feed wheat, which in terms of volume but less to fall than in the previous year.
