Russian Grain Harvest Latest
Russia, the world's fifth-largest grain producer, expects to harvest at least 95m tonnes of grain this year, according to official estimates.
The Agriculture Ministry said Thursday that Russia exported over 2m tonnes of grain, mainly wheat, between July 1 and August 18.
Analysts expect that Russia will export some 20m tonnes in the 2008-2009 crop year, which began in July, 2.5m tonnes of it in September.
It seems widely accepted that like the Ukraine, Russia's wheat crop will consist of a large proportion of feed wheat this season.
In his latest report the US Agricultural Attache said "prices of feed quality wheat and barley continue to fall rapidly, while the price of milling wheat stabilized due to low production."
The attache raised his 2008 crop production estimates saying, "the increase is due to good weather conditions in July and August, reported harvest progress, and excellent yields of winter grains - especially winter wheat - in European Russia."
"If the Russian crop doesn't ultimately come in above 100mt then I'm Ruud Van Nistelrooy," said one incredibly good-looking UK broker.
The Agriculture Ministry said Thursday that Russia exported over 2m tonnes of grain, mainly wheat, between July 1 and August 18.
Analysts expect that Russia will export some 20m tonnes in the 2008-2009 crop year, which began in July, 2.5m tonnes of it in September.
It seems widely accepted that like the Ukraine, Russia's wheat crop will consist of a large proportion of feed wheat this season.
In his latest report the US Agricultural Attache said "prices of feed quality wheat and barley continue to fall rapidly, while the price of milling wheat stabilized due to low production."
The attache raised his 2008 crop production estimates saying, "the increase is due to good weather conditions in July and August, reported harvest progress, and excellent yields of winter grains - especially winter wheat - in European Russia."
"If the Russian crop doesn't ultimately come in above 100mt then I'm Ruud Van Nistelrooy," said one incredibly good-looking UK broker.
