PS. An S&P report by Sampad Nandy in February 2022 said "Russia's 2021-22 wheat exports fall 21% on year, prices decline" (
https://www.spglobal.com/commodityin...prices-decline). It stated "Russia exported 23.6 million mt wheat between July 1 and Jan. 27 during the marketing year 2021-22 (July-June), down 21% year on year, while export prices declined $2 week on week, data from the Russian Federal Service for Veterinary and Phytosanitary Surveillance showed Jan. 31." Among other data, the report stated:
1. "Russia's wheat output is expected to fall in MY 2021-22, due to adverse weather conditions, particularly dry and warm summers."
2. "Export prices of Russian wheat fell $11 over the past month, as the government's repeated interventions and escalating tension with Ukraine weighed on the prices.
3. "Russia introduced new export tax mechanisms last month, setting an export quota on wheat at 8 million mt over Feb. 15-June 30."