Russia issued permits for grain vessels to leave the Sea of Azov on Oct 28 — the first since July 10 — according to industry sources cited by Reuters in the Grain Report.
The Bank of Canada raised its overnight rate by 25 basis points to 2.5% the same day. Manitoba’s harvest reached 94%, and U.S. wheat export sales for the week ending Oct 22 were a 2026/27 marketing-year high.
PGI’s takeaway: Azov reopenings and a BoC hike share the same day; wheat export sales strength is the U.S. demand signal. Full USDA sales and Prairie notes are in the Grain Report.
Read the full Grain Report edition: Bank of Canada, Azov Shipping and U.S. Wheat Sales: Oct 29, 2026
Sources: Klarenbach Grain Report — https://www.grainreport.klarenbach.ca/p/bank-of-canada-azov-shipping-and-us-wheat-sales-oct-29-2026. Figures above are as reported in that edition.
Trent Klarenbach, BSA AgEc, PAg
Founder and Lead Analyst, Klarenbach Research