Russian wheat prices remains steady.

Russian milling wheat prices remained steady. Record export shipments accompanied with increase in purchase and transportation costs is supporting prices. Russia has produced around 85-86 MMT of wheat this year compared to 72 MMT last year. As of now Russian milling wheat with 12.5% protein content at Novorossiysk port is being quoted at FoB $206.00-210.00/tonne whereas milling wheat whereas wheat with 11.5% protein content is being quoted at FoB $202.00-205.00/tonne.