Russian wheat prices witnessed weak sentiments.

Russian milling wheat prices remained weak by $1-2 per tonne in Novorossiysk and $10-11 per tonne at Odessa compared to last week. Trading activity is low as traders are waiting for new crop that is likely to approach market soon. Russia is expected to produce around 74 MMT of wheat in 2018-19. As of now Russian milling wheat with 12.5% protein content at Novorossiysk port is being quoted at FoB $208.00-211.00/tonne whereas milling wheat whereas wheat with 12.5% protein content at Odessa is being quoted at FoB $197.00-202.00/tonne.