date:Jun 03, 2014
Russia's prices for new crop wheat declined last week after rains improved prospects for the harvest and eased concerns about a lack of soil moisture in some regions of the major global grain exporter, analysts said. Favourable weather in May has brightened the 2014 grain harvest outlook in Russia and Ukraine, easing risks related to the lack of financing available for sowing.
Russian futures prices for the new wheat crop with 12.5 percent protein content were quoted at $258 per tonne at the e