Russian Wheat Exports Slowing

Despite seemingly picking up just about every export enquiry in the market, the pace of Russian wheat exports is actually slowing.

Data released today from the Federal Customs Service says that exports have steadily slowed from 2.631mmt in September, to 2.416mmt in October, to 1.56mmt in November to just 1.4mmt in December.

Total exports for the current marketing year which runs July/June now stand at 10.7mmt, only 2% ahead of last years pace, despite a bumper crop.