Winter wheat supplies are expected to be tighter this year due to disappointing crops in two important production regions and a recovery in demand in the Middle East and North Africa.
Tag Archives Russia — page 2
Russia seizes grain company
Foreign citizenship of a former owner cited as key reason for the move, preventing foreign control over strategic assets
A Russian court has ruled the transfer all the assets of Rodnie Polya, which exported 14 per cent of Russian grain in the 2023-24 season, to the state may proceed.
Russia’s troubled winter wheat may move prices
The crop has a higher risk of winterkill because of plants' already weakened condition and may have trouble recovering
SASKATOON — Winter wheat crops have deteriorated in Russia but are improving in the United States and the European Union. An estimated 37.2 per cent of Russia’s crop is rated in poor condition versus four per cent last year and the five-year average of 7.3 per cent. Related stories: It is the worst rating in […] Read more
Southern Hemisphere pressures wheat market
Increased wheat production in Argentina and Australia is expected to make 9.15 million more tonnes available for export
The wheat market continues to struggle, despite some positive news from the Black Sea region. Russia has announced a large drop in its wheat export potential by reducing the February through June export limit to 11 million tonnes. This is down 18 million tonnes from last year during the same period. The Russian government also […] Read more
Russian farmers ditch wheat for other crops
MOSCOW/IRTYSH (Reuters) – Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils, or sunflowers. Such decisions will have direct implications for global wheat prices and inflation in major buyers like Egypt as Russia is the world’s top exporter of the grain. The […] Read more
Healthy pea sales on pace but India actions uncertain
SASKATOON — Canada’s pea exports are off to a torrid start in 2024-25. Bulk shipments were 1.12 million tonnes through week 14 of the crop year, up from 720,000 tonnes at the same time one year ago, according to the Canadian Grain Commission. The total does not include container shipments, which account for 30 to […] Read more
BRICS grain exchange will take time
MOSCOW, Russia (Reuters) — Russia’s proposal for a new international grain exchange could take years to get off the ground, even though the plan was welcomed by members of the BRICS group of countries at a recent summit in Kazan, Russia. The country has been pushing to establish the exchange as part of a broader […] Read more
Russian wheat exports to fall amid crop woes
Analysts forecast 80.1 million tonnes of production next year, down from the five-year average of 88.1 million tonnes
SASKATOON — Early indications are that Russia may harvest another disappointing wheat crop in 2025. SovEcon is forecasting 80.1 million tonnes of production, down from 81.5 million tonnes this year and the five-year average of 88.1 million tonnes. Related stories: Total wheat area is forecast to remain unchanged at about 70 million acres, with winter […] Read more
Russia expands ports as it eyes new markets
New Baltic ports would reduce grain reliance on Black Sea routes as country aims for 50 per cent boost in ag exports
MOSCOW, Russia (Reuters) — Russia, the world’s leading wheat exporter, is expanding its Baltic Sea ports as it aims to boost agricultural exports by 50 per cent by 2030 while reducing dependence on traditional Black Sea routes, officials and executives said. The country, which exported at least 72 million tonnes of grain in the 2023-24 […] Read more
Dryness delays winter wheat seeding in Russia
Poor soil moisture and limited rainfall mean the crop could enter dormancy in poor shape, resulting in lower yields
SASKATOON — Winter wheat planting is progressing slowly in the world’s largest exporting region. Russian farmers have only managed to seed 20.8 million acres of the crop, which is 11 per cent behind last year and the slowest pace in 11 years, according to SovEcon analyst Andrey Sizov. Related stories: Ukraine’s growers have planted 2.4 […] Read more
