Analytics: Export prices for Russian wheat have decreased

Prices for Russian wheat with 12.5% protein for delivery in November-December decreased to $225-230/t FOB (-$4.5/t). American wheat dropped to $236/t (-$2/t), French wheat to $228/t (-$1/t). Prices for Ukrainian wheat with 11.5% protein increased to $230/t (+$1/t). The export price for Russian barley remained around $232/t FOB. Last week saw a series of tenders. On November 13, Tunisia purchased 125,000 tons of soft wheat (11.5% protein) at $257.86/t C&F and 100,000 tons of durum wheat. Converted to FOB Novorossiysk, the price for soft wheat was $222-226/t. On November 11, Jordan contracted for 60,000 tons of wheat at $262.5/t C&F for delivery in the first half of February. Converted to FOB Novorossiysk, the price was $226/t. On November 11, Algeria purchased an estimated 150,000 tons of wheat for delivery to the small ports of Mostaganem and Tenes. Russian exporters usually do not deliver to Algeria's small ports. The wheat market weakened by the end of last week due to an ...