# USDA Cuts Russian Wheat Export Forecast by 2.5%

> 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.

- Date: 2026-11-11 · published 2026-11-12T01:37:53.856Z
- Category: report · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/94697-usda-cuts-russian-wheat-export-forecast-by-2-5
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-09-30 | [Russian 2026/27 Wheat Export Forecast Cut by 4.7 MMT - The Sizov Report blog](https://feedsoft.ai/events/14084-russian-2026-27-wheat-export-forecast-cut-by-4-7-mmt-the-sizov-report-blog.md) | -2.5% | +1.3% |
| WHEAT | 2019-12-11 | [Australian wheat export forecast cut, imports tripled: WASDE - Grain Central](https://feedsoft.ai/events/55534-australian-wheat-export-forecast-cut-imports-tripled-wasde-grain-central.md) | +2.6% | +4.1% |
| WHEAT | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.2% | -0.5% |
| WHEAT | 2018-05-10 | [Wasde Report: Russia exports less wheat 2018/19](https://feedsoft.ai/events/64974-wasde-report-russia-exports-less-wheat-2018-19.md) | -1.0% | +2.7% |
| WHEAT | 2024-09-19 | [France lowers soft wheat harvest and export forecasts](https://feedsoft.ai/events/28264-france-lowers-soft-wheat-harvest-and-export-forecasts.md) | +11.4% | +5.6% |
| CORN | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | +1.6% | +2.9% |
| CORN | 2018-05-10 | [Wasde Report: Russia exports less wheat 2018/19](https://feedsoft.ai/events/64974-wasde-report-russia-exports-less-wheat-2018-19.md) | +0.5% | -2.5% |
| CORN | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.5% | -5.9% |

## Sources

- kommersant.ru: https://www.kommersant.ru/doc/9095053

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.