# Russian export wheat prices fall - Markets - Business Recorder

> 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.

- Date: 2020-07-07 · published 2020-07-07T12:00:00.000Z
- Category: market · region Russia · magnitude low
- Page: https://feedsoft.ai/events/51990-russian-export-wheat-prices-fall-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

New-crop selling and weaker export demand pressure Black Sea wheat and barley quotes, which lowers the cost of competing feed grains.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-07-06 | 5 | -7.1% | -2.8 | Russian new-crop export prices fell on slack demand, lowering the global price benchmark and competing against US SRW. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40003595

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