Russian Grain Markets: 5–9 January 2026 The first week of January is typically quiet for trading and logistics as Russia observes Orthodox Christmas. Activity remained subdued, although the ongoing Russo–Ukrainian war continued to shape market sentiment. Both sides carried out airstrikes, with Ukraine targeting oil reserves and refineries, and Russia striking power infrastructure, crush facilities, and storage sites. Several vessels were also attacked in the Black Sea. The latest USDA report indicates that downward pressure on global grain prices—particularly wheat and corn—could continue. To remain competitive, Russia has taken unprecedented steps by keeping grain export duties at zero. Policymakers appear focused o...