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Russia's Agriculture Ministry forecasts a 2026 grain harvest of about 140 million tonnes in bunker weight, with over 95 million tonnes of wheat, and harvesting is about 97% complete. Minister Oksana Lut outlined support measures for farms facing shipping difficulties through the Azov-Black Sea basin, including extended cheap loans, transport subsidies and purchase interventions.
An extra 13.3 billion roubles from the government reserve fund will compensate winter grain sowing costs in 22 regions.
A large Russian harvest adds exportable wheat supply, which is bearish for world wheat prices, while transport subsidies and interventions aim to keep Black Sea grain moving despite port constraints. The final clean-weight figure may differ from the bunker-weight estimate.
agroday.ruNov 11, 2026After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
