This report contains updated export estimates for marketing year (MY) 2025/26 for wheat, barley, and rye. Corn harvest is still underway, with over 92 percent harvested. The pace of grain exports at the beginning of MY2025/26 is slower compared to the previous MY and might translate to higher ending stocks. Actual MY2025/26 export volumes for all grains will depend on the intensity and scale of Russian attacks on Ukraine's ports, energy grid, and in-land logistics infrastructure.