SovEkon Cuts Russia Wheat Export Forecast 3.2M Tons on Azov-Black Sea Shipping Issues

SovEkon lowered its 2026/27 Russian wheat export forecast by 3.2 million tons to 41.4 million tons, citing shipment problems from the Azov-Black Sea basin. The reduction signals potential tightening in global wheat supply, though the specific cause of the shipping issues remains unspecified. This could support wheat prices and affect import-dependent regions.