Russian wheat export prices on the rise.

Russian wheat export prices rose last week due to higher global benchmarks and the strengthening of the rouble against the dollar. Black Sea prices for Russian wheat with 12.5% protein content were at $194.5 a tonne on a free-on-board (FOB) basis at the end of last week, up $1.5 from a week earlier. FOB wheat prices in the Black Sea area up $2 to $195 per tonne and maize (corn) prices up $3 to $171 per tonne. Prices for barley added $3 to $194.5 per tonne. The market strengthening was supported by positive dynamic in the global markets and the resumed strengthening of the rouble.