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Ukrainian barley port prices rose by $10-15/t in the past week to $200-205/t as wheat and corn rose on a US heat wave and lower US and Russian wheat forecasts. Forward prices for Ukrainian corn also increased.
Ukraine's barley harvest is projected at 9-12 million tonnes, with exports at 5-7 million tonnes.
Lower US and Russian wheat output and US heat stress support global feed grain prices, and Ukrainian barley and corn export values rise with them.
graintrade.com.uaJul 22, 2021
uga.uaRegistrationJul 23, 2021After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Ukrainian barley export prices rose $10-15/t on higher wheat and corn from the US heat wave and lower US and Russian crop forecasts, showing global spillover into barley.
