Twice the quota for grain exports from Russia

According to a draft document published by the Russian Grain Union last week, the Russian government is considering introducing a grain export quota for the second half of the marketing season (February 5 to June 30, 2026) in the amount of 20 million tons. Last year, the quota was set at 10.6 million tons and applied only to wheat and rye. "We believe that this proposal is generally neutral for Russian exports in the 2025/26 agricultural year. We estimate wheat exports during the ...