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Russian wheat exports since July were reported at about 7.5 million tonnes, versus roughly 20 million tonnes at the same point in an average season since 2021. The resulting 12.5-million-tonne shortfall could mean more wheat is being retained in Russia, though domestic consumption, production and opening stocks also affect how much may be exported later.
Slower Russian shipments reduce near-term wheat supply in global trade and could support prices, but grain retained in Russia may return to the export market later. The story highlights uncertainty about the timing and scale of future Russian exports.
farmonline.com.auAndrew Whitelaw, Episode 3Nov 10, 2026After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
