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Arkady Zlochevsky, head of the Grain Union, says Russia has harvested 135 million tonnes so far and expects about 140 million for the year, but exports have fallen and alternative routes cannot replace the Black Sea system. Agriculture Minister Oksana Lut floated Northern Sea Route shipments, which Zlochevsky says cannot fully solve the problem.
Grain prices are falling.
Large unsold Russian stocks and weak export volumes keep downward pressure on world wheat and corn prices, with logistics the main bottleneck.
ngs.ruДмитрий КапустинNov 1, 2026After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
