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A USDA Economic Research Service analysis finds Ukraine's grain and sunflower seed export share is held back by the ongoing war. Exports are projected to stabilize below prewar levels with little growth over the next decade.
Lower long-run Ukrainian supply of corn, wheat and sunflower products keeps Black Sea export competition tighter than prewar, modestly supportive for global grain and sunmeal prices.
ers.usda.govMay 16, 2024After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
