SovEcon Raises Russian Wheat Forecast -- Market Talk

Dow Jones
Feb 17

0943 ET - Black Sea agricultural consultancy SovEcon raised its outlook for 2026/27 Russian wheat production, up 2.1 million metric tons to 85.9 million tons. Even though there's been reports of ice "crust" forming on some Russian wheat fields, overall weather in the country has been better than average, says the firm. "Soil moisture reserves were relatively high last autumn, and abundant snow cover is supporting favorable moisture availability at the start of the growing season," says SovEcon in the note. But the firm adds that the upcoming months still carry risk for the Russian crop, and could change the final tally. CBOT wheat is down 1.6% pre-market, while corn falls 0.7% and soybeans are down 0.3%. (kirk.maltais@wsj.com)

 

(END) Dow Jones Newswires

February 17, 2026 09:43 ET (14:43 GMT)

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