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Russia’s state grain procurement program bought more than 94,600 tonnes of wheat over its first eight trading days, spending over 1.1 billion rubles. Agriculture Minister Oksana Lut said the government plans to buy up to 3 million tonnes to remove some surplus from the market and support prices; state purchase prices are currently above market levels.
Government buying creates additional domestic demand and removes grain from commercial supply, supporting Russian wheat prices and farm revenues. Purchases at the planned scale could also reduce the amount available for export.
agroinvestor.ruТатьяна КулистиковаNov 10, 2026After 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.
