Russia: world market continues pressuring wheat prices
Milling wheat price reduction was observed in Russian export market. Last week prices for milling wheat with 12.5% and 11.5% protein decreased by $1-2 to $171-172/MT FOB and $165-167/MT FOB in Novorossiysk port, respectively, for delivery in September. The world market was again the main factor of pressure. High supply of feed wheat and wheat…