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Where the margin is 2020

Where the margin is 2020
February 6-7, 2020, Moscow

IKAR in Mass and Industry Media

Rising U.S. dollar negatively affecting exports, 01.11.18


Reports out of the Black Sea Region were all negative this week. Russia's Ag Minister increased grain crop estimates to 109 million metric tons from 105 million metric tons, citing improved conditions in Siberia. Ukraine increased their grain harvest estimate from 63.1 million metric tons to 64 million metric tons. They also increased their export potential by 3.1 million metric tons. For the first time in six weeks, Russian export prices declined for 12.5 percent protein. Prices in the Black Sea Region were $231 per metric ton. Exports for all Russian wheat are running 34 percent ahead of last year's pace at 15.2 million metric tons. The Institute for Agricultural Market Studies increased their Russian export number from 32.5 million metric tons to 33 million metric tons.

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