Miller Magazine Issue: 120 December 2019

54 MILLER / DECEMBER 2019 First half of 2019/20seasondiffers fromprevious yearsby increased exports of Ukrainian wheat to destinations, traditionally dominated by Russia. For the second year in a raw Ukraine surprises with its unprecedented crop. This time “Hidden Dragon” harvested the record amount of wheat, while in 2018/19 corn crop reached its peak. Furthermore, improved Ukrainian wheat quality is cited by the most of analysts as a main reason of its better competitiveness in 2019/20. To differentiate quality factor from the rest of other milestones, Atria Brokers interviewed the representatives of key destinations in the industry and the picture became clearer. Crouching Tiger, Hidden Dragon: Russian vs. Ukrainian milling wheat 2019/20 Christina Serebryakova Head of Analytical Department & Agricultural Commodities Broker Atria Brokers ABUNDANT CROP MADE ITS JOB 2019/20 MY start… Ukrainian market oper- ators come to the understanding that they are dealing with a record wheat crop with higher protein content than normally. They are fight- ing to convince Turkey that it should stop look- ing for Russian 11.5% protein milling wheat, as if it is there, it is located in distant regions and will come to ports closer to the second part of the season. Moreover, as well, Ukrain- ian sellers were impressing the #1 wheat flour exporter that the quality & price of its 12.5% protein wheat is worth of it. Moreover, this time Ukraine also offered a respectable 13.5% protein wheat specifications at a reasonable price. In such a way, what we are having? No- vember USDA shows Ukrainian wheat crop at a record 29 MMT. During July-October