Russian market - Winter crops - Fork Cast

Rosselkhozbank plans to use cryptocurrencies for trading grain. The bank is exploring the possibility of using digital assets in collaboration with the Central Bank. Futures trading for cryptocurrency has been launched, structured bonds have been developed, and digital assets have been issued by other banks.

Early spring crops, sugar beets, rapeseed, and sunflowers have been successfully sown. The completion of sowing late plants is near. Losses from spring frosts in the Kursk region amounted to 250 million rubles - Gennady Babaskin.

Almost half of the sowing campaign has been completed in the Zabaykalsky Krai. Farmers have worked on 64 thousand hectares, which is 45% of the planned volume. The most active farmers are from the Chernyshevsky district. Grain crops have been sown on 28.1 thousand hectares.

The Minister of Agriculture claims that the price of summer diesel fuel for farmers remains stable, at last year's level. The volumes of supplies are coordinated with the Ministry of Energy. Fuel prices are at a normal level, with an increase of less than 0.5%. The Antimonopoly Service monitors prices to maintain a fair policy.

Ikar postponed increasing the grain harvest forecast due to frosts in Russia affecting crops. The forecast until 2025 is 129.5 million tons of grain, with 125.85 million tons collected in 2024. Frosts have affected several regions, but the weather is set to improve from Tuesday.

The president of the Russian Grain Union stated that due to duties and quotas, the number of companies exporting grain from Russia has decreased from 200 to 15. This situation indicates a market conspiracy. The projected grain harvest this year is estimated at 125 million tons.

Duties are being reduced due to the strengthening of the ruble, making exports unprofitable.

In Tatarstan, sowing works have begun. 115 thousand hectares of early spring crops have been sown. The assessment of winter crops is positive. 680 thousand hectares of crops have been fertilized. Soil moisture is sufficient. Harrowing has been carried out on 1 million 470 thousand hectares.

In the Tambov region, spring field work has begun. According to the "Online Tambov.ru" portal, the Mordovian and Tambov municipal districts were the first to start sowing spring crops: barley, peas, and grass. This year, the sowing started earlier than last year. It is planned to increase the sowing area to 1.9 million hectares by 2025. The quality of seeds is guaranteed to be at a high level.

Company "Demetra-Holding" plans to complete the "Auto1500" project in 2025, increasing the grain transshipment by 1.5 million tons.

"Novorossiysk Grain Terminal" is going to increase the total volume of transshipment to 11 million tons of cargo in 2026, by building additional berths and capacities.

In 2024, the company transshipped 7.2 million tons of agricultural goods.

World wheat prices have risen: hard red winter wheat to 557.00 cents/bushel, hard red spring wheat to 586.00 c/b, soft red winter wheat to 601.75 c/b. The corn contract has increased to 458.50 c/b. The price of rice is $13.43/cwt. Russia's indicative export prices have also risen.

World prices for wheat decreased from 28.02.25 to 07.03.25. In Russia, spring sowing has begun. Wheat stocks in agricultural organizations decreased by 31.5%. In Kazakhstan, grain exports increased by 53%.

The owner of "Rostselmash" announced record low agricultural machinery sales in 2024. The reasons are high grain tariffs, expensive credits, and reduced government support. Farmers are losing billions due to tariffs, and investments in the industry are decreasing due to opaque financing.