Russia's wheat exports have hit record levels, reaching 23.6 million tons from July to November this year, with a projected total of 49.2 million tons for the agricultural year. However, the Russian government has temporarily banned the export of durum wheat until May 31, 2024, in order to ensure national food security and price stability. Similarly, Argentina has suspended the export registration of cereals and by-products, citing potential market impact on the peso's depreciation.