Loading…
S&P Global reports Ukraine's grain exports are expected to fall in marketing year 2024-25 as production drops to an estimated 52.4 million tonnes from 60 million in 2023. Farmers are shifting acreage toward more profitable sunflower and other oilseeds, and EU safeguards may cap wheat and corn imports.
Smaller Ukrainian grain exports tighten global wheat and corn supply, supporting prices, while the shift to sunflower could lift sunmeal availability.
spglobal.comMay 2, 2024After 1,072 past bullish weather events, Wheat (SRW) 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.
