
Rusagrotrans estimates Russian wheat exports in October 2026 at 3.3 million tonnes, the largest monthly volume of the season so far. Over 4-10 November, CBOT and KC December wheat fell to four-month lows, and the USDA November report was bearish for wheat on higher world stock estimates.
Strong Russian shipments add to ample global wheat supply and weigh on export prices, although the rebound in exports reflects easing shipping constraints. Feed buyers can expect continued softness in wheat-based feed alternatives.
After 379 past bearish trade events, Wheat (SRW) moved a median -0.1% 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.