
Russia's seaborne grain exports fell 25.4% in the 2024/25 season to about 46 Mt, with June shipments down 72% to 1.45 Mt. Exports were hit by export quotas introduced in February and lower crop output.
A sharp drop in Russian seaborne supply shows a tighter 2024/25 export base, while the expected rebound after the export tax cut suggests more competitive wheat supply ahead.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.