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Russian wheat export prices rose last week in line with global futures as Azov-Black Sea restrictions cut supply sharply. Baltic FOB prices rose to $263/t from $248 a week earlier, and Novorossiysk FOB was about $210/t.
Russian August exports were estimated at about 2 million tonnes, the lowest level since 2010.
Russia's exports are being redirected to the Baltic, which raises freight and origin costs for importers. Sustained low Russian supply supports world wheat prices and feed grain alternatives.
ca.marketscreener.comReutersAug 31, 2026
brecorder.comReutersAug 31, 2026After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% 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.
Russian export prices rising and August exports at a 2010 low on Azov-Black Sea restrictions confirm tight global supply on the move date.
