
Russia approved a wheat export quota of 11 million tonnes for February 15 to June 30, 2025, with a 50% export tax (minimum 100 EUR/t). Barley, rye and corn exports will be banned during that window.
Ukraine's grain exports reached 17.98 million tonnes from July to November 28, and its harvest is nearly complete.
Russia's quota and export ban remove barley and corn from the market during spring 2025, tightening feed grain supply and supporting prices for buyers.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.