# Russian wheat exports forecast to decline | 2019-06-21  | World Grain

> Russian wheat export forecasts were cut by IKAR and SovEkon on partial droughts. IKAR lowered its wheat export outlook to 36.5 million tonnes and SovEkon to 37.6 million. Ukraine could overtake Russia as the largest grain exporter.

- Date: 2019-06-21 · published 2019-06-21T12:00:00.000Z
- Category: weather · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/58448-russian-wheat-exports-forecast-to-decline-2019-06-21-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Russian export availability tightens global wheat supply, supporting wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-07-30 | [Russian Wheat Export Tax Boosts Grain Prices](https://feedsoft.ai/events/52024-russian-wheat-export-tax-boosts-grain-prices.md) | -1.5% | +0.4% |
| WHEAT | 2018-09-11 | [Drought lowers Australian grain forecast \| 2018-09-11  \| World Grain](https://feedsoft.ai/events/62987-drought-lowers-australian-grain-forecast-2018-09-11-world-grain.md) | -7.4% | -7.0% |
| WHEAT | 2018-06-13 | [Australia cuts wheat production forecast \| World-grain.com \| June 12, 2018 20:28 \| World Grain](https://feedsoft.ai/events/64493-australia-cuts-wheat-production-forecast-world-grain-com-june-12-2018-20-28.md) | -2.0% | -8.2% |
| WHEAT | 2019-05-15 | [Australia considering first wheat imports in 12 years \| 2019-05-15  \| World Grain](https://feedsoft.ai/events/59055-australia-considering-first-wheat-imports-in-12-years-2019-05-15-world-grain.md) | +11.2% | +10.0% |
| WHEAT | 2023-07-28 | [Australia forecasts 34% decline in wheat production](https://feedsoft.ai/events/35012-australia-forecasts-34-decline-in-wheat-production.md) | -0.1% | -2.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/12238-russian-wheat-exports-forecast-to-decline

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