Russian Grain Markets: 24–28 November 2025 During the last week of November, grain markets remained quite volatile from region to region. A strong RUB and bearish global market is putting pressure on wheat prices. Traders were very cautious in the past regarding the export duty for wheat and now the government released it almost to zero but trading cannot recover overnight. The fears of traders will remain that wheat export duty may jump up at any time thus keeping traded volumes lower. Farmers are also stubborn as current wheat prices are showing almost break-even results. This year’s wheat prices are below last year’s prices and this will remain a psychological barrier for a while. In the long term, bearish sentiments ar...