According to analysts, Russia’s wheat export volumes in January of this year may be significantly lower than in December of last year.
Russia is expected to export approximately 3 million tons of wheat in January 2026. For comparison, in December, it was approximately 4.4 million tons.
However, January is traditionally a low month, experts note.
For example, in January 2025, Russia exported approximately 2.5 million tons of wheat. This means that compared to the previous January, we could even see an increase.
The list of countries that are the most active purchasers of Russian grain remains virtually unchanged.
For example, Egypt has held the top spot over the past few months, having also led the way last season.
Turkey is in second place, having doubled its import volumes of Russian wheat from July to December 2025.
Iran, which ranks third, has tripled its shipments of similar products.
Finally, Bangladesh and Israel round out the top five. Sudan, which has more than doubled its shipments, is also worth noting among importing countries of Russian grain.
As for Russian wheat prices, they are currently around $225 per ton. This means that the price of Russian wheat has remained virtually unchanged since December.
Meanwhile, French wheat is currently trading at $233, Australian at $238, and American at $227.
Thus, Russian wheat is currently the most price-competitive, analysts note. This could increase purchases of Russian wheat by importing countries.
Meanwhile, the US Department of Agriculture published a report raising its forecast for global wheat production for the current season.
According to US analysts, the global wheat harvest could reach 842 million tons, up 4 million tons from the previous forecast.
It’s important to note that the increase was primarily due to revised data for Argentina and Russia.
Furthermore, the US agency also revised upward its forecast for global corn production.
According to the latest data, it should reach 1.296 billion tons, an increase of 13 million tons.
The main increase in this area should be driven by revised harvest forecasts for the US, one of the major producing countries.
This increase, in turn, will be a result of increased planting area and higher yields, according to experts.
