Grain Market Overview for June 14, 2024
Global Prices: Wheat prices fell globally during the week, while corn prices increased slightly in Chicago.
Russian Market: Domestic Russian wheat prices were stable, with some regions showing an increase due to the harvesting campaign starting early due to favorable weather.
Harvesting Campaign: Russia's 2024 harvesting campaign began in southern regions, with an expanded total sowing area.
USDA Report: The USDA lowered its forecast for Russia's wheat production and export for the upcoming agricultural season.
Trade Issues: US and UK sanctions against the Moscow Exchange could complicate agricultural trade.
Emergency Situations: A state of emergency was declared in Rostov due to prolonged drought, potentially leading to significant crop losses.
Conclusion: The grain market is experiencing variable trends with notable regional differences in production forecasts and market dynamics due to geopolitical and environmental factors.
For more details, you can view the full article on Zerno.ru.
