Monitoring data from the Russian Grain Union (RGU) shows that during the first ten days of August, Russia's exports of major grains (including wheat, corn, and barley) totaled 976,400 tonnes, a 22.2% decrease compared to the same period last year. Wheat exports fell by 18.1%, dropping from 978,300 tonnes in the same period last year to 801,500 tonnes; barley exports declined by 30%, from 209,800 tonnes to 146,500 tonnes; and corn exports dropped by 138%, from 67,300 tonnes to 28,300 tonnes.

As a key global wheat exporter, Russia's 18.1% year-on-year decline in wheat exports during early August has heightened expectations of a tightening global wheat supply, providing upward support for both spot and futures prices.

The 30% year-on-year drop in Russian barley exports during early August has led to expectations of reduced global supply, favoring a rise in barley spot and futures prices.

The sharp year-on-year decline in Russian corn exports during early August has resulted in a marginal tightening of international corn supplies, providing bullish support for corn spot and futures prices.

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