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Fastmarkets analysis of Ukrainian customs data shows grain exports reached 50.38 million tonnes by June 30, 2024, up 3% year on year. Exports were 17% behind in the first quarter of the 2023-24 marketing year after the Black Sea grain deal came under strain, then recovered.
Steady Ukrainian export flows add supply to global wheat and corn markets, which tends to cap prices. The recovery despite the war shows alternative corridors are working.
fastmarkets.comMasha Belikova, Yana Sukharska, the Fastmarkets teamJul 3, 2024After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
