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Palouser
Senior Advisor

Kazakhstan don't get no respect!

They are a Black Sea wheat growing country. They are out f the way and unless you watch Borat. 

 

Last year they grew 30 MMT of grain. This year will probably less than 13 MMT. Usually have high quality milling wheat. Last time the Black Sea had a drought they supplied wheat to Russia. Not this time.

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4 Replies
Palouser
Senior Advisor

One million tns of wheat traded this weekend

That's on a global basis. Supposedly both Egypt and the Saudis are rushing to buy what's left of the Black Sea wheat before it gives out. Shipping is 1/2 of what it would cost to get US wheat, as a comparison. But as they say, "When it's gone - it's gone! So hurry in while we still have some"

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sw363535
Honored Advisor

Re: One million tns of wheat traded this weekend

I thought egypts last purchase looked that way.  Not a matter of price as much as getting it while it is available.  They didn't take a long time to  think about or negotiate it.

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Mizzou_Tiger
Senior Advisor

Re: Kazakhstan don't get no respect!

World course grains are a time bomb right now
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k-289
Esteemed Advisor

Re: Kazakhstan don't get no respect!

I thought I heard  we where feeding the world ---

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