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USDA's November outlook cut its 2026/27 Russian wheat and products export forecast by 2.5%, from 40 to 39 million tonnes, the lowest in at least five seasons. USDA also trimmed corn and barley exports to 3.5 million tonnes each, and SovEcon cut its Russian wheat export forecast to 36 million tonnes.
Lower Russian export availability tightens global wheat supply and supports world wheat prices, since Russia is a leading exporter and buyers will shift to other origins.
kommersant.ruNov 11, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
