
A USDA FAS report says Ukraine's grain exports rose from 2 million tonnes in September 2023 to 5.2 million tonnes in December. The FAS forecasts higher corn, wheat, barley and rye exports for the 2023-24 season, with Ukraine using a new Black Sea corridor.
Rising Ukrainian corn and barley exports add supply to world feed grain markets, which is bearish for feed prices.
After 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.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.