SovEcon cuts forecast for Russian wheat exports in 2026/27 to 36 million tonnes

SovEcon cut its forecast for Russia’s 2026/27 wheat exports by 0.7 million tonnes to 36.0 million tonnes and lowered its total grain export forecast to 43.6 million tonnes from 44.7 million. Alternative routes have not fully offset Black Sea disruptions, and monthly grain exports remain 40–50% below normal; railcar shortages, the end of river navigation and seasonal storms may further constrain shipments.