Export prices for Russian wheat remain stable for the second consecutive week.

01.11.25 Export prices for Russian wheat remain stable for the second consecutive week, with analysts reporting an acceleration in exports. According to the IKAR agency, the price of a ton of new crop Russian wheat with a 12.5 percent protein content with delivery on a free on board (FOB) basis in Novorossiysk by the end of this week for the first half of December remained at $230.5. SovEcon sees wheat prices with 12.5 percent protein at $231-233 per ton compared to $230-233 per ton FOB a week earlier. "Exports were supported by the recovery of global demand for wheat and the growth of exporters' margins," says the SovEcon review. According to analysts, at the beginning of October, the exporters' margin was negative, whereas by the end of the month it reached $4 per ton. SovEcon maintained its estimate of October wheat exports at 5.1 million tons. IKAR increased its estimate of October exports to 5.7-5.8 million tons from 5.5 million tons. The agency preliminarily estimates ...