Russia: Wheat prices down


Price of Russian wheat dropped last week due to harvesting in progress. Lot of rains previously slowed harvesting and caused concerns.

Around 10 million tons have been harvested up to now. Last week pices of new crop 12.5 protein wheat were are at level 248 USD/t FOB Black Sea. Mostčz concern is about quality but everzone is hopping weather will allow harvesting to complete.