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Ukraine's State Statistics Service reported grain and pulse stocks of 6.9 million tons as of 1 June 2021, up 15% year on year. Corn stocks rose 16% to 3.63 million tons, while sunflower stocks fell 39% to 1.39 million tons and barley fell 28%.
Larger corn stocks add to near-term Black Sea export supply, which is bearish for corn prices. Sharply lower sunflower stocks support sunflower meal and oil prices.
latifundist.comЛюдмила ГоробецJun 22, 2021After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
