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Russian wheat prices hit seasonal high, then fall

Created at 1 Jun · 5:23 PM2 sources2 events
IN SHORT

Russian FOB wheat prices reached a seasonal high of $247/mt last week before beginning to decline. The reasons for the subsequent decrease were not specified.

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Key Numbers

$247/mtRussian FOB wheat price seasonal high

Who's Involved

sizov_andre
commented on Russian wheat prices

↳ Why This Matters

Wheat prices are influenced by global supply and demand dynamics, including production levels, export availability, and geopolitical factors. Russia is a major global wheat exporter, and its pricing trends can impact international markets.

Key facts

  • Russian FOB wheat prices reached a seasonal high of $247/mt last week.
  • Prices have since begun to decrease.

Wheat prices are influenced by global supply and demand dynamics, including production levels, export availability, and geopolitical factors. Russia is a major global wheat exporter, and its pricing trends can impact international markets.

Frequently asked questions

Russian FOB wheat prices reached a seasonal high of $247/mt last week.

After reaching a seasonal high, prices have started to decrease.

The information was shared by @sizov_andre on Twitter.

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Cadence
CME Headlines
  • Live Cattle futures fell as liquidation trend extended.
    8 Jul · 8:17 PM
  • Live Cattle futures fell as liquidation trend extended.
    8 Jul · 8:17 PM
  • Grain futures turned lower as wheat snapped six-day rally.
    8 Jul · 8:06 PM

How It Developed

1 Jun · 6:59 PM
Restates earlier reporting on Russian wheat prices reaching a seasonal high of $247/mt, with no new information.
@staunovo via PiQSuite
1 Jun · 5:04 PM
Russian FOB wheat prices hit a seasonal high of $247/mt last week but have since started to decrease.
@GRAINSOILSEEDS via PiQSuite

Sources

T1
RT @sizov_andre: Good news if you are bullish on #wheat: Russian FOB hit a seasonal high last week at $247/mt. Bad news: prices started de…@GRAINSOILSEEDS via PiQSuite
T1
RT @AdiSurreyEnergy: 2/ Glencore at +$2.45 Forties, FOB: Glencore withdrew offer for June 21-23 at Aug. BFOE +$3.15 Brent, FOB: BP withdrew…@staunovo via PiQSuite

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