Prices

Amid rising shipping risks, Russian wheat, despite its lower price, was not in significant demand at the Algerian tender.

The increase in the supply of the new crop and the suspension of seaport operations have increased pressure on the Ukrainian feed barley market.

Meanwhile, shipping in the region remains limited, and freight and insurance costs are high.

Due to the complications of export logistics and the suspension of purchases in ports, the main volume of trade has shifted to the domestic market.

In ports, food wheat rose in price to $203–211/t, feed wheat to $192–203/t CPT-port. The export market provided support.

The price of rapeseed changed the most — minus $40/t on terms of delivery to the port, to $320/t. Wheat, on the contrary, rose in price.

In ports, food wheat fell in price to $202–209/t, feed wheat to $188–199/t CPT-port.

In the first days of July, the average price of Urals in Russia’s western ports was $41.66 per barrel — significantly below the budgeted $59.

Despite the drop in physical volume from 46.7 to 41.1 million tons, in monetary terms, exports, including processed products, have hardly changed.

Speculative growth on US exchanges has faded after June rains improved the condition of crops in the US.