Russian wheat export prices rise again, driven by a stronger ruble and farmers holding back sales

```htmlGolden Ten Data reported on May 25 that analysts noted Russian wheat export prices continued to rise last week, influenced by global price increases, the strengthening of the ruble against the US dollar, and farmers' reluctance to sell. Dmitry Rylko, head of IKAR Consulting, stated that by the end of last week, Russian wheat with 12.5% protein content (FOB, for delivery from June to early July) was priced at $245 per ton, up $5 from the previous week. He added that the price of new season wheat expected to enter the market in July also increased by $2, reaching $242 per ton. According to IKAR estimates, Russia's wheat export volume in May was between 3 million and 3.3 million tons. Data from Sovecon Consulting showed that Russian wheat with 12.5% protein content was priced in the range of $242 to $244 per ton, compared to $240 to $242 per ton the previous week.```