# Russian wheat prices down as new crop hits the market - Markets - Business Recorder

> Russian wheat export prices fell for a second week as new crop supplies arrived, with 12.5% protein wheat at $205 a tonne FOB Black Sea. Sovecon also priced wheat at $205 and barley rose $2 to $183. Analysts flagged weather damage to Urals and Siberian spring wheat.

- Date: 2020-08-10 · published 2020-08-10T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/51463-russian-wheat-prices-down-as-new-crop-hits-the-market-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Harvest pressure is pushing Black Sea wheat lower, although concerns over spring crop damage in Russia limit the decline. Lower FOB wheat prices ease feed-grain replacement costs.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40010929

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.