Russian wheat exports hit lowest August level since 2010

Wheat exports from Russia are expected to drop in August to their lowest level for the month since 2010, due to the effective shutdown of the country's largest grain ports in the Black Sea and Sea of Azov. According to SovEcon, Russian exporters are likely to ship around 2.2 million tons of wheat abroad in August. That's less than half the 4.5 million tons exported in August 2023, and 56% below…