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Russia shipped an estimated 3.93 million tonnes of wheat through Baltic ports from July to October 2026, 5.8 times the year-earlier volume, lifting their share of Russian wheat shipments to 38.3%. Russia also sent its first wheat train to Murmansk and opened a Caspian route to Iran, while total wheat exports for the period were estimated at 10.3 million tonnes, down from 16.9 million a year earlier.
New routes help Russian wheat reach buyers despite Black Sea shipping constraints, partially offsetting logistical disruption. However, the lower total export volume may limit global availability and lend support to wheat prices.
brics24.newsBRICS24 NewsNov 8, 2026After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
