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Gro Intelligence data show Ukraine's December 2023 exports of 1.73 million tonnes of wheat and 3.45 million tonnes of corn, up 34% and 45% month on month. Shipments are still below prewar levels, and Asian trade faces Red Sea risks.
Rising Ukrainian supply weighs on corn and wheat prices, while Red Sea disruption to Asian-bound cargoes lifts shipping costs.
ukragroconsult.comJan 31, 2024After 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.
After 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.
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.
