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Russia's Ministry of Agriculture published a draft order lowering maximum price thresholds for state grain interventions from 1 November 2026 to 30 June 2027. Minimum purchase prices for third-class wheat fall to 12,210 rubles per tonne from 14,630, roughly 15-17% lower.
The planned purchase volume is well below the drop in Russian wheat exports.
Lower intervention floors signal that domestic Russian wheat prices are falling, supporting export competitiveness and pressuring global wheat values.
sdexpert.ruNov 2, 2026After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
