Russian wheat market sees 14.5% drop since June, exports steady

The price of FOB Russian wheat with 12.5% protein content has not exceeded $223/metric ton since July 3, with the market seeing a 14.5% decline since June, S&P Global Commodity Insights data showed Sept. 12. These low prices have helped maintain steady export volumes at a time when Turkey, a top customer for Russian wheat, suspended its wheat imports June…The price of FOB Russian wheat with 12.5% protein content has not exceeded $223/metric ton since July 3, with the market seeing a 14.5% decline since June, S&P Global Commodity Insights data showed Sept. 12. These low prices have helped maintain steady export volumes at a time when Turkey, a top customer for Russian wheat, suspended its wheat imports June…Read More