🐮 💥 China 🇨🇳 & Russia 🇷🇺 signed ✍️ largest ever grain deal, worth 2.5 trillion rubles (c. $ 25.7 billion 💸) as per @tassagency_en 🗞️
Russia to supply 70 MMT of grains 🌾🌽 oilseeds 🌻 pulses & legumes over 12 years 💸
Pricing & phyto unclear! https://t.co/2GoLckWBtG
#Wheat stocks-to-use among major exporters in 2023/24 is projected to fall close to 2007/08's all-time low.
The issue is that the upcoming "dip" in wheat S/U keeps being thrown forward (i.e. this was originally forecast for 21/22, then 22/23....)
@sizov_andre I’m referring to the news that Russia&Turkey&Qatar are working on “ a new corridor” to export grains to “poor countries”. Russia is already doing this (free or paid) and the corridor was for Ukrainian deep sea exports. Turkey? Qatar? New corridor? It just doesn’t make sense.
@SoybeanTrader88 I remember when Constanza was short on decent quality wheat during harvest a couple of years back and they were buying Russian wheat in coasters to there for them to cover contracts. I also sold a few vessels and they waited more then a month due to congestion.