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Russian wheat export prices have stopped rising as weather improves in global and Russian growing regions and demand eases. The 12.5% protein wheat price was $232 per ton FOB, and Sovecon expects Russian October exports to reach a potential record of 5.0 million tons.
Analysts said early 2025 crop estimates are in line with this year.
Stable Russian export prices and improved crop conditions reduce upward pressure on world wheat prices, though record exports still keep supply ample.
brecorder.comReutersOct 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
