Author: Viktoriia Ray
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Russian Grain Exports Face Growing Headwinds
Bearish freight outlook: Russian grain exports are running 13% behind last year, with the 20 million tonne export quota likely to be undershot by about 3 million tonnes, creating excess carryover stocks and softer demand for Black Sea freight. Rising domestic stocks: Grain inventories at agricultural enterprises rose 21.5% year-on-year to 28.26 million tonnes in January, signaling slower…
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VNIIMK Oilseed Varieties: Stavropol 2025 Portfolio
VNIIMK confirmed Surus and Klip as the leading sunflower hybrids for 2025 plantings in Stavropol Krai, supporting continuity in regional sunflower output. New winter rapeseed hybrid Debut joins established varieties Elvis and Selegor, signaling gradual but controlled diversification in rapeseed genetics. FLIZ and VNIIMK 620 FN lead oilseed flax volumes, while Vilana Beta, Vita, and…
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India Soybean Meal Exports Plunge 54% — Market Impact
Bullish: Russia’s 30% year-over-year soybean harvest increase to 9 million tonnes and its new status as a net soybean exporter boost regional availability of soy and meal, supporting more competitive Black Sea export offers. Bearish: India’s 54% decline in soybean meal exports and higher meal prices tighten near-term supply for key importers, but may accelerate…
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Indian Soybean Meal Exports Plunge 54% — Market Impact
India soybean meal exports fell 54% YoY in January 2026 to 132,000 tonnes, as higher domestic prices and slower processing curbed overseas sales. Indian soy and rapeseed meal prices have risen sharply since December 2025, tightening export competitiveness and pressuring shipment volumes. Russia became a net soybean exporter in 2025, shipping around 750,000 tonnes on…
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Ukrainian Wheat Prices Rise on Tight Farmer Supply
Prices Firming: Ukrainian milling wheat export prices rose by USD 1-2/t week-on-week as of February 19 on tight farmer supply. Port Differentials: Greater Odessa ports quoted USD 213-219/t CPT, while Danube ports stood at USD 211-218/t CPT, reflecting strong export demand. Supportive Fundamentals: Limited farmer selling, active exports, domestic processor competition, and weather concerns are…
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Russian Grain Exchange Boosts Farmer Prices
Direct farmer access: NCE’s new spot grain platform enables producers to sell directly to buyers via a two-way anonymous auction. Improved pricing: Farmers can capture roughly a 2-ruble premium per unit versus selling through traditional resellers. Logistics advantage: Trades cover about 50% of Novorossiysk’s accredited terminal capacity, with priority rail allocation from Russian Railways. Scalable…
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Russian Grain Exports Plummet After Quota Cuts
Bearish: Russian grain export volumes through key Black Sea terminals fell sharply in 2025 due to significantly tighter state export quotas. Bearish: Taman grain terminal throughput collapsed 57%, highlighting underutilized infrastructure and constrained global grain supply from Russia. Neutral: Novorossiysk Grain Terminal cushioned the impact by expanding transshipment of molasses and fatty acids, partially offsetting…
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Argentine Sunflower Imports to Bulgaria Hit 400,000t
Import Surge: Bulgaria is set to receive up to 400,000 tonnes of Argentine sunflower seeds, equal to roughly 26–27% of its domestic harvest. Price Pressure: Competitively priced Argentine sunflower at about €520/t DAP Varna/Burgas is likely to pressure Black Sea sunflower seed prices in the near term. Processing Impact: More than 500,000 tonnes of imports…
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US Soybean Crushing Hits Record Pace
Stronger US crush pace: January soybean crushing reached 6.17 million tonnes, up 7% year-on-year, pushing season-to-date volumes to a record 30.5 million tonnes. Rising oil inventories: Soybean oil stocks climbed to 1.12 million tonnes, the highest since April 2023, reflecting softer biodiesel and HVO demand. Pressure on veg oil complex: Higher US output and weaker…
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Ukrainian Wheat Prices to Reach $225/Tonne
Prices Rising: Ukrainian milling wheat seen moving from $215–220/tonne CPT-port to $220–225/tonne by early March on tight supply and strong trader demand. Supply Squeeze: Producers are holding back sales while traders are contracting actively, supporting steady weekly gains of $1–2/tonne. Weather Risk: Ice crust formation after a cold snap threatens winter wheat and rapeseed, adding…