Russian wheat exports up 39% on year so far to 24.5 MMT.

Russian wheat exports from July 1 to February 14 of the 2017-18 marketing year (July-June) rose to 25.428 million mt, up 39.3% on the year. Wheat line-ups each month remain fully booked, sources said. The export pace picked up further in the latest week as ports continue to clear a backlog created by bad weather in January. Around 200,000 mt of wheat is expected to be handled in March, delayed from February, at Novorossiisk. Nonetheless, with more books needing to be covered on the nearby, the export pace for nearby positions is likely to keep up.