# Russian wheat exports remain biggest risk to U.S. wheat elevators | CoBank | Cooperative. Connected. Committed.

> CoBank reports that record exports of cheap Russian wheat and a strong US dollar remain the main headwinds for US wheat exports. Elevator storage margins have improved as carry has returned to futures markets after a larger US harvest.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/34144-russian-wheat-exports-remain-biggest-risk-to-u-s-wheat-elevators-cobank
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Cheap Russian supply limits US wheat export competitiveness, keeping domestic wheat prices pressured and feed wheat economics favorable.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-22 | [Russian wheat exports on the rise - The Sizov Report blog](https://feedsoft.ai/events/14532-russian-wheat-exports-on-the-rise-the-sizov-report-blog.md) | -0.1% | -3.6% |
| WHEAT | 2025-09-23 | [Russia’s wheat exports from Black Sea ports fall to 460kt](https://feedsoft.ai/events/14174-russia-s-wheat-exports-from-black-sea-ports-fall-to-460kt.md) | -0.2% | +1.8% |
| WHEAT | 2023-05-11 | [Explainer: Have Western sanctions on Russia impacted its wheat exports? \| Reuters](https://feedsoft.ai/events/14395-explainer-have-western-sanctions-on-russia-impacted-its-wheat-exports-reuters.md) | -1.1% | -7.6% |
| WHEAT | 2017-09-15 | [Ukraine and Russia in August exported 2.8 million tons of wheat to Asia — Latifundist.com](https://feedsoft.ai/events/68817-ukraine-and-russia-in-august-exported-2-8-million-tons-of-wheat-to-asia.md) | +0.7% | +3.6% |
| WHEAT | 2019-05-24 | [Russian grain exports forecast to rise \| 2019-05-24  \| World Grain](https://feedsoft.ai/events/58944-russian-grain-exports-forecast-to-rise-2019-05-24-world-grain.md) | -12.2% | -6.1% |
| KWHEAT | 2017-09-15 | [Ukraine and Russia in August exported 2.8 million tons of wheat to Asia — Latifundist.com](https://feedsoft.ai/events/68817-ukraine-and-russia-in-august-exported-2-8-million-tons-of-wheat-to-asia.md) | +6.8% | +1.3% |
| KWHEAT | 2018-11-20 | [Wheat price held hostage to pace of Russian exports - Farmers Weekly](https://feedsoft.ai/events/62094-wheat-price-held-hostage-to-pace-of-russian-exports-farmers-weekly.md) | -3.3% | +7.2% |
| KWHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -6.7% | -5.8% |

## Sources

- cobank.com: https://www.cobank.com/knowledge-exchange/russian-wheat-exports-remain-biggest-risk-to-us-wheat-elevators

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