# SovEcon raises 2025/26 Russian wheat export forecast amid higher beginning stocks | Miller Magazine

> SovEcon raised its 2025/26 Russian wheat export forecast to 38.3 MMT from 36.4 MMT, citing higher beginning stocks. It projects 2024/25 Russian wheat exports at 42.8 MMT and Ukrainian 2025/26 wheat exports at 16.0 MMT.

- Date: 2025-02-07 · published 2025-02-07T12:00:00.000Z
- Category: report · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/14232-sovecon-raises-2025-26-russian-wheat-export-forecast-amid-higher-beginning
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A larger Russian export forecast adds to available wheat supply for the coming season, which is bearish for world wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-06-01 | [SovEcon trims Russia’s current wheat export outlook, sees stronger 2026/27 potential \| Miller Magazine](https://feedsoft.ai/events/14107-sovecon-trims-russia-s-current-wheat-export-outlook-sees-stronger-2026-27.md) | -2.6% | -1.5% |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2025-12-19 | [USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand](https://feedsoft.ai/events/21549-usda-lifts-2025-26-global-wheat-stocks-forecast-as-higher-output-offsets-record.md) | +0.9% | +0.4% |
| WHEAT | 2019-09-19 | [Strategie Grains Raises EU Wheat Harvest, Export Outlook Again \| ESM Magazine](https://feedsoft.ai/events/57024-strategie-grains-raises-eu-wheat-harvest-export-outlook-again-esm-magazine.md) | +2.2% | +2.8% |
| WHEAT | 2021-06-11 | [Strategie Grains raises EU 2021/22 wheat crop, export forecasts - UkrAgroConsult](https://feedsoft.ai/events/46522-strategie-grains-raises-eu-2021-22-wheat-crop-export-forecasts-ukragroconsult.md) | +5.0% | -5.4% |
| KWHEAT | 2025-12-19 | [USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand](https://feedsoft.ai/events/21549-usda-lifts-2025-26-global-wheat-stocks-forecast-as-higher-output-offsets-record.md) | +3.2% | +1.2% |
| KWHEAT | 2026-01-20 | [Key changes in Russian wheat market for first half of MY 2025/26: 2026 preview - Fastmarkets](https://feedsoft.ai/events/14146-key-changes-in-russian-wheat-market-for-first-half-of-my-2025-26-2026-preview.md) | +0.5% | +2.2% |
| KWHEAT | 2025-02-28 | [SovEcon: Russian and global grain market news – February 28, 2025 - The Sizov Report blog](https://feedsoft.ai/events/26075-sovecon-russian-and-global-grain-market-news-february-28-2025-the-sizov-report.md) | -3.5% | -0.9% |

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/sovecon-raises-202526-russian-wheat-export-forecast-amid-higher-beginning-stocks-6049

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.