# Russian wheat export prices climb as Black Sea supplies shrink - Markets - Business Recorder

> 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.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/17952-russian-wheat-export-prices-climb-as-black-sea-supplies-shrink-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2026-08-31 | 1 | +3.6% | 3.7 | Russian export prices rising and August exports at a 2010 low on Azov-Black Sea restrictions confirm tight global supply on the move date. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-04 | [Wheat climbs to one-week high on Black Sea supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/7384-wheat-climbs-to-one-week-high-on-black-sea-supply-concerns-markets-business.md) | -1.4% | -5.5% |
| WHEAT | 2022-10-31 | [Palm rises over 4% after Russia pulls out of Black Sea export corridor - Markets - Business Recorder](https://feedsoft.ai/events/8074-palm-rises-over-4-after-russia-pulls-out-of-black-sea-export-corridor-markets.md) | -5.6% | +2.4% |
| WHEAT | 2022-03-21 | [Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets - Business Recorder](https://feedsoft.ai/events/6245-wheat-rebounds-on-black-sea-supply-worries-corn-soybeans-rise-1-markets.md) | +15.8% | +5.9% |
| WHEAT | 2026-07-22 | [Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder](https://feedsoft.ai/events/9558-chicago-wheat-jumps-on-renewed-attacks-on-black-sea-ports-markets-business.md) | -1.8% | +2.5% |
| WHEAT | 2022-11-01 | [Palm oil surges nearly 5% on worries over Black Sea supplies - Markets - Business Recorder](https://feedsoft.ai/events/8072-palm-oil-surges-nearly-5-on-worries-over-black-sea-supplies-markets-business.md) | +7.3% | +7.7% |

## Sources

- ca.marketscreener.com: https://ca.marketscreener.com/news/russian-wheat-export-prices-rise-as-black-sea-supplies-shrink-ce7858dcd088f122
- brecorder.com: https://www.brecorder.com/news/40437298

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