Russian wheat exports in October are estimated at 3.3 million tonnes, the highest monthly figure since the 2026/27 season began in July 2026. Analysts at Rusagrotrans forecast 3.15 million tonnes for November.
Egypt, Nigeria, Iran, Azerbaijan and Kenya are the main buyers so far this season.
Strong Russian shipments add to global wheat supply just as world prices fall to four-month lows, which keeps pressure on wheat prices for feed buyers.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.