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The Price Indices Center says Russian grain exporters shifted sales toward larger shipments to cut logistics costs after Black Sea routes changed. The Baltic share of grain exports reached 60% in September, and Iran and China each bought 1.1 million tonnes since the start of the season, displacing Egypt and Turkey.
Bulk carrier availability in the Baltic has tightened as fuel costs rose.
Shifting export flows and tighter freight capacity raise logistics costs and can redirect wheat and feed grain trade toward new buyers. Higher shipping costs support delivered prices for importers.
kommersant.ruРоман Соколов, директор Центра ценовых индексовNov 12, 2026After 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.
Not enough comparable past events yet for a historical read.
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.
