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Russia's seaborne grain exports fell to 2.8 million tonnes in October, down 55.8% year-on-year, as drone attacks brought shipments via southern ports to a near-standstill. Season-to-date seaborne exports reached 9 million tonnes, down 53.8%.
Baltic, Arctic and Caspian terminals partly offset the loss but remain insufficient.
Russia's loss of Black Sea outlets removes a major wheat and corn supply source from world export markets, supporting global wheat prices while Baltic and Arctic rerouting adds cost and capacity limits.
bairdmaritime.comReutersNov 13, 2026After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), 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.
