
Russia’s state grain purchasing interventions accumulated 64,125 tonnes over their first five trading days, worth about 756 million rubles. On November 5, the state bought 11,070 tonnes at an average price of about 11,790 rubles per tonne, down from 14,715 tonnes purchased on the previous trading day.
State purchases remove grain from the market and may lend support to domestic prices, though the volume so far is small relative to the program’s potential size of up to 3 million tonnes.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), 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.