
Russia's grain harvest reached 135 million tonnes by October 28 and is forecast to finish at 140-141.8 million tonnes, with wheat at 95 million tonnes. Insufficient storage and logistics bottlenecks are causing stocks to pile up at farms and elevators and domestic prices to fall.
A large Russian crop and rising domestic stocks point to ample export supply, which weighs on world wheat prices. Storage and transport bottlenecks may still limit how much grain reaches export markets.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.