Russia's weekly wheat exports from Black Sea ports fell 46% to about 460,000 tonnes in the week ending September 18. Egypt was the largest destination, and about 1.1 million tonnes were still under loading.
September shipments are forecast 18-22% below last year.
Slower Russian export flows reduce competitive wheat supply on the world market, which tends to weigh on export prices and keeps feed wheat values under pressure.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.