Russia's grain exports plummeted in May, with wheat dropping more than 30% in a single month

⑴ Russian agricultural consultancy Sovecon estimates that the country’s total exports of wheat, barley, and corn in May stand at 3.1 million tons, a significant decrease from 4.55 million tons in April. ⑵ Of these, wheat exports are estimated at 2.8 million tons, down from 4 million tons in April; barley exports are estimated at 1 million tons, down from 2.5 million tons in April; and corn exports are estimated at 2 million tons, down from 3 million tons in April. ⑶ Looking at a longer timeframe, after Russian grain exports peaked at around 5.4 million tons between last September and October, they have shown an overall declining trend, with this May’s 3.1 million tons at a relatively low level for the year.