Russian grain exports continue to decline, Sovecon estimates May will drop to 3.3 million tons

⑴ Russian agricultural consultancy Sovecon estimated on Monday that the total export volume of Russian wheat, barley, and corn in May 2026 will be 3.3 million tons, significantly lower than the 4.55 million tons in April. Among them, wheat exports are estimated at 3 million tons, barley at 100,000 tons, and corn at 200,000 tons. ⑵ According to historical data, Russian grain exports hit a stage high of 5.4 million tons in October 2025 before showing a declining trend. The monthly export volumes from January to May 2026 were 3.3 million tons, 3.5 million tons, 5.3 million tons, 4.55 million tons, and 3.3 million tons, respectively. ⑶ Since April 2022, the Russian customs service has suspended the publication of some import and export data to prevent “speculative behavior,” making estimates from industry consultancies an important reference for observing Russian grain export trends.