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Russian export and domestic wheat prices fell last week under pressure from the new crop and slack demand from exporters. Russian 12.5% protein wheat loaded from Black Sea ports was quoted at $197.5 a tonne FOB, down $3.
Barley held at $175 a tonne, and SovEcon cut its Russian crop forecast.
New-crop selling and weaker export demand pressure Black Sea wheat and barley quotes, which lowers the cost of competing feed grains.
brecorder.comReutersJul 7, 2020Not enough comparable past events yet for a historical read.
Not 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.
Russian new-crop export prices fell on slack demand, lowering the global price benchmark and competing against US SRW.
