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Russian grain exporters are rerouting shipments to Baltic Sea ports, including ports in the Baltic states, after Ukrainian drone attacks in the Black Sea and Sea of Azov forced them to seek alternatives. Traders say requests for Baltic shipments have reached 5 million tons.
Russia and Ukraine are repeatedly striking each other's grain export terminals and vessels.
Losing Black Sea capacity tightens available wheat supply in the export market and supports world wheat prices, while the Baltic shift is only a partial substitute for stalled volumes.
reuters.comOlga PopovaAug 31, 2026After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 22 past bullish logistics events, Wheat (HRW) moved a median -1.2% over 5 sessions (45% higher; middle half -2.5% to +1.7%), and +3.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
