Sovecon Raises Russian Wheat Export Forecasts

Sovecon raised its export forecast for Russia Wheat by 0.9 million metric tons to 47.4 million tons for the 2025/26 season. The revision highlights increasing supply dominance from the Black Sea region as European output projections falter. Higher Russian availability likely pressures global grain benchmarks as competition for market share intensifies among major exporters.

### Russia Expands Export Lead as EU Outlook Dims Agriculture consultancy Sovecon increased its 2025/26 export outlook and also raised the 2026/27 forecast by 1.4 million tons to 45.2 million tons. These adjustments reflect a strengthening production trajectory in Russia, even as other global producers face downward revisions.