Russian Grain Markets: 21–25 September 2026 During the third week of September, the Russian grain market remained bearish. For the first time since 2018, average 3rd-grade milling wheat prices dropped below RUB 10,000/t. This poses a serious threat to the Russian agricultural sector, as low prices create cash flow gaps and potentially lower planting acreage of winter wheat this season. Wheat, barley and pulses are also under pressure. Corn is the only commodity still trying to protect its position but is already below last year’s price levels. Russia’s rye production has declined significantly over the past few decades, falling from a historical peak of 16.4 million tons in 1990 to roughly 1.1–1.2 million tons in rec...