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U.S. wheat to Russia?

02/18/2013 @ 1:18pm

Prices of domestic Russian wheat are lower, according to data released Monday by SovEcon. Prices for third-grade milling wheat are down 1.5% at RUB11,500 per metric ton for the week ended Feb 15, while fourth-grade milling wheat is down 1.3%, at RUB11,500/ton. Feed wheat is 1.1% lower at RUB11,275/ton, while wheat flour is down 03% at RUB16,700/ton. Citi's Sterling Smith says US traders will remain focused on the export wires this week with the possibility of business being booked to Russia.

(michael.haddon@dowjones.com Twitter: @MichaelHaddonDJ)

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(END) Dow Jones Newswires

February 18, 2013 05:18 ET (10:18 GMT)

DJ MARKET COMMENT: Russia Wheat Prices Stable, US Imports Eyed->copyright

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