Bumper Russian grain crop likely

MOSCOW, Russia (Reuters) — Russia will likely produce another large grain crop in 2018 following a record crop this year that is increasing pressure on prices, leading agriculture consultancy SovEcon has said. In the first major estimate for 2018, SovEcon said Russia’s grain harvest could amount to 128.2 million tonnes next year after this year’s […] Read more

Russia determined to boost grain export capacity by 50 percent

MOSCOW — Russia, which has shattered wheat harvest records three years running and is expanding production of other crops as well, aims to increase its grain export capacity by 50 percent to 7.5 million tonnes a month within three years. And its importance on world wheat markets is reflected in the CME Group’s announcement Nov. […] Read more

Russian wheat output shocks markets

Russian wheat farmers have been partying this year, and the world market is likely to be nursing a hangover for two years, say analysts. The massive size of the Russian wheat crop not only pushes their grain exports to the limit for this year but will leave huge stockpiles for the 2018-19 crop year. “With […] Read more

Bumper wheat crops expected in Russia, Ukraine

Don’t expect any supply relief from Black Sea wheat, says an analyst. “We’ve got another bumper crop of wheat coming out of Ukraine and Russia,” said Mike Lee, owner of Green Square Agro Consulting. He recently conducted a five-day, 2,500 kilometre tour of fields in the main wheat growing regions of Russia and Ukraine. His […] Read more

Russian wheat outlook dismal

Less than half of normal rain | Output of
 winter wheat could drop by five million tonnes

Russia’s winter wheat crop is in trouble, according to a Russian market research and consulting firm, reviving memories of conditions that eventually led to the severe 2010 Russian drought. Dry conditions have dashed winter wheat yield prospects in the crop, which will be harvested next year. SovEcon has not issued an official forecast for 2015-16 […] Read more

Russian wheat prospects drying up

Russia’s wheat exports continue to wither along with its drought-stricken crops. In its last World Agricultural Supply and Demand Estimates report, the U.S. Department of Agriculture lowered Russian exports to 12 million tonnes from 16 million tonnes. The USDA’s Foreign Agricultural Service issued a report last week saying that number should be dropped to 11 […] Read more