
Russian analysts forecast a 2026 grain and pulse harvest of 137.4 million tonnes, 4.5 million tonnes below 2025, including 89.8 million tonnes of wheat. IKAR lowered its total grain export potential estimate to 49 million tonnes, including 39.5 million tonnes of wheat, while estimating October wheat shipments through Baltic ports could rise 25% to 3 million tonnes.
Lower harvest and export estimates imply less Russian grain available to world markets, offering support to export prices, although the wheat crop remains historically large and Baltic shipments are increasing.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.