
Russia set a grain export quota of 20 million tons for February 15 to June 30, covering wheat-related grains including barley and corn. That compares with 10.6 million tons in the same period last season, when barley and corn were excluded.
Russia aims to export 53 to 55 million tons of grain in the current season.
A larger quota that includes barley and corn adds export supply in the second half of the season, which is bearish for wheat, barley and corn prices.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
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.