Milling Wheat The Black Sea milling wheat market was sharply higher for the sixth consecutive week. The offers in the FOB market are difficult to find, but some destination business was done this week:

Jordan bought 100,000 MT of Black Sea wheat at $343. Tunisia bought 125,000 MT of Black Sea wheat at $330 and $343. The $330 was considered to be very aggressive as the replacement calculation was at least $10 higher.

The harvest in Romania and Bulgaria is progressing under favorable weather conditions, with more than 50 percent of the planted area already harvested. The reported yields are in line with expectations. We estimate the crop in Bulgaria at 4 MMT and in Romania at 6 MMT, leaving about 2 MMT and 1.5 MMT fo...