Russian Grain Markets: 24–28 August 2026 During the fourth week of August, the Russian grain market continued to slide, although the pace of the decline slowed. The immediate market reaction and collapse in export activity have placed significant pressure on farmers. Price declines vary by region, as expected in a country as large as Russia, but a notable trend has emerged that has not been visible in recent Russian market history: Grain trading is shifting from the traditional southern region around the Black Sea toward the nontraditional northern route through the Baltic Sea. Prices in central Russia, which is relatively equidistant from the two seas, are now more competitive than those in the South, Russia’s primary grain-pro...