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Russia’s wheat export tax fell 41.4% week over week, from 561.5 to 329 rubles per tonne, while the indicative wheat price edged up to $233.3 per tonne. Export taxes on barley and corn were zero; the article says the lower wheat tax could improve Russia’s price competitiveness and squeeze EU and Ukrainian market share.
Lower export taxes can make Russian grain more competitive in international markets, increasing available export supply and putting downward pressure on competing wheat, corn, and barley prices.
xtxg.cnNov 10, 2026After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
