Analysis of harvest prices in Russia by July 28

Published 2023년 7월 28일

Tridge summary

The text discusses the factors influencing prices in the global wheat, barley, corn, and sunflower markets. Wheat prices have increased due to concerns about reduced supplies from the Black Sea region and growth in demand for wheat in Asian countries. Barley prices are balanced, but interruptions in grain supply from Ukraine may affect future prices. Corn prices have been driven up by weather concerns in the US and reduced supply from Ukraine, while sunflower prices have risen due to rising prices for sunflower oil and meal, but lower prices are expected due to sufficient supply from major importers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

WHEAT World market Factors leading to higher prices: Concerns about the reduction in supplies from the Black Sea region due to Russia's withdrawal from the "grain deal"; Expectation of growth in demand for wheat as a result of the reorientation of Asian countries to this grain crop due to a decrease in the level of world supply of rice. Factors driving down prices: Improved forecasts for US spring wheat production. Russian market Factors driving up prices: Slow harvesting of new crops due to rainy conditions; Expectation of a decrease in exports from Ukraine due to Russia's withdrawal from the "grain deal". Factors leading to lower prices: Increased logistics costs offset the increase in exporters' purchase prices. Summary: Actual wheat prices in deep water ports over the past month have been exactly in line with the calculated parity level, showing a natural increase. This week, world prices (FOB) have become the main driver, having strengthened by $3-5 per ton. There is no need ...

Source: Zol