SovEcon raises 2025/26 Russian wheat export forecast amid higher beginning stocks

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Jun 1, 2026SovEcon trims Russia’s current wheat export outlook, sees stronger 2026/27 potential | Miller Magazine-2.6%
• Aug 31, 2026Australia Raises Wheat Crop Forecast as Export Demand Picks Up | Stock Market News+2.2%
• Dec 19, 2025USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand+0.9%
• Sep 19, 2019Strategie Grains Raises EU Wheat Harvest, Export Outlook Again | ESM Magazine+2.2%
• Jun 11, 2021Strategie Grains raises EU 2021/22 wheat crop, export forecasts - UkrAgroConsult+5.0%

After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.

• Dec 19, 2025USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand+3.2%
• Jan 20, 2026Key changes in Russian wheat market for first half of MY 2025/26: 2026 preview - Fastmarkets+0.5%
• Feb 28, 2025SovEcon: Russian and global grain market news – February 28, 2025 - The Sizov Report blog-3.5%
• Mar 4, 2019Australia’s 2019-20 wheat output forecast higher | 2019-03-04 | World Grain-3.6%
• May 14, 2025USDA forecasts lower wheat, corn, sorghum prices for 2025/26+6.8%