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Analysis of harvest prices as of May 19 in Russia and world market

Sunflower Seed
Soybean
Published May 20, 2023

Original content

WHEAT World market Factors pushing prices up: The second worst performance for US winter wheat in the last 9 years supports US wheat prices (primarily HRW); Decreased supply from Russia for exports as export quotas from supplier companies are exhausted. Factors leading to lower prices: Extending the "grain deal" for another two months removes the overall tension in the market; Decline in world wheat prices to $240-250 per ton (France, Ukraine), which can be considered a sign of a new crop entering the market. Russian market Factors driving up prices: According to the Russian Ministry of Agriculture, the duty calculation formula will change in favor of farmers (the cut-off price will be increased from 15,000 to 17,000 rubles). Factors leading to lower prices: Stocks of grain crops as of April 1, primarily due to wheat and barley, are 50–100% higher than last year, both in agricultural producers and in procurement organizations. Summary: The steady decline in world prices for wheat, ...
Source: Zol
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