U.S. Dept of Agriculture lowers estimate for Russia's wheat exports in 2026-2027 season by 3 mln tonnes to 40 mln tonnes

MOSCOW. Oct 12 (Interfax) - The U.S. Department of Agriculture lowered its estimate of Russian wheat exports in the 2026-2027 agricultural year by 3 million tonnes to 40 million tonnes in its October review.

In September, the forecast was also lowered by 3 million tonnes from 46 million tonnes according to the August estimate.

At the same time, the U.S. Department of Agriculture raised its forecast for carryover wheat stocks in Russia at the end of the season (as of June 30, 2027), to 19.03 million tonnes from 16.09 million tonnes a month earlier. The estimate of the wheat harvest this season did not change and remains at 88 million tonnes.

The forecast for wheat exports from the EU - one of Russia's main competitors on the world market - was kept at the July-September level of 31 million tonnes.

In October, the U.S. Department of Agriculture also lowered its forecast for exports of feed grain from Russia, to 7.18 million tonnes from 7.38 million tonnes in September. The estimate of its harvest did not change and remained at 39.97 million tonnes, while the forecast for carryover stocks was raised to 2.72 million tonnes from 2.52 million tonnes.

The forecasts for corn did not change, with exports predicted at 3.7 million tonnes, the harvest at 16.5 million tonnes and carryover stocks at 1.31 million tonnes.

The U.S. Department of Agriculture does not take into account data on Crimea and the new regions in its estimates for Russia.

The forecast for the global wheat harvest was slightly lowered, to 822.39 million tonnes from 822.43 million tonnes a month earlier, while the feed grain forecast was raised to 1.589 billion tonnes from 1.588 billion tonnes and the corn forecast was raised to 1.294 billion tonnes from 1.291 billion tonnes.