
Russian grain traffic through Latvian ports, including Liepaja, has reached a peak as Russia's southern port exports collapsed. Russia could not export over 10 million tons of grain through its own ports in the first four months of the 2026/27 season, and October exports via Azov-Black Sea ports fell threefold year on year to 2.3 million tons.
Flows through Latvian and Lithuanian ports are rising.
Rerouting Russian grain through the Baltics keeps some volumes in world markets, limiting the supply tightening from Black Sea disruption and tempering upward price pressure.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), 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.