Bulgaria is preparing for a good wheat harvest, but data indicates that yields are below last year's levels

In Brief: • Romania Leads EU Wheat Exports, France Remains Sixth • Romania and Bulgaria to Be Major Competitors to Russian Prices The Black Sea region has always been a factor in global grain trade, but in recent years has begun to take shape as an increasingly dominant market. Moreover, competition between the countries that make it up is becoming increasingly fierce from year to year. Interpreting the latest production data and events reminds us of the psychologically important question - whether the glass is half full or half empty. Bulgaria is preparing for a good wheat harvest, but preliminary data indicates that yields by region will be below last year's. The European Union has revised its decision on Ukrainian imports, which will be reduced compared to last year, but is still increased by 300,000 tons compared to the 2016 agreement (an agreement that was used as the basis for the new framework). Russia expects a lower harvest compared to the previous two seasons, but ...