Russia: Wheat exports to break record in first half of season

The forecast for wheat exports in December, taking into account deliveries to the EAEU countries, has been increased from 3.4-3.5 million tons to 3.7-3.8 million tons, which will be slightly less than the figure for December last year, when 4.06 million tons were shipped to foreign markets, the analytical center of Rusagrotrans told Agroinvestor. As a result, wheat exports in the first half of the 2024/25 season will reach 29.4 million tons, which is 1.7 million tons higher than the record of last season (27.7 million tons). Export bid prices for Russian wheat with 12.5% protein for delivery in January remained unchanged at $235/t FOB. Offer prices are from $240/t FOB. The price of French wheat increased by $6, to $248/t, German wheat became more expensive by $1, to $255/t, American wheat fell by $7, to $237/t. The wheat exchange market fell last week. The March CBOT futures in Chicago closed trading on Thursday at $195.8/t (-3.5% compared to the close of the previous week), the ...