Russian Grain Markets: 19 –23 May 2025 Grain markets finally realized that the new crop is near and bearish adjustments between the old crop and new crop started to become a reality like never before. Only Siberia is still waiting while the rest of the country is watching the export new crop prices and acting accordingly, predominantly going bearish. This is logical as Siberian wheat crop will be harvested only in August-September and old crop will be traded for a longer period of time.  Moreover, even the remaining stocks are now priced lower because of the same factors: export duties, quotas for exports, and very low interest from exporters. Probably the only domestic market which is still alive and kicking is millers’ bu...