◂ Event Timeline

Feb 1, 2023TRADEBlack Sea

Over 19 mln tonnes of Ukrainian foods exported under Black Sea Grain Initiative

The Joint Coordination Council reports that total grain and foodstuff exports from Ukraine's three ports reached 19.1 million tonnes as of January 31. Three vessels loaded corn and wheat bound for China on January 31, and no sailings occurred on January 29-30 due to bad weather.

WHY IT MATTERS

Routine export volumes show steady Ukrainian corn and wheat flows, with weather-related sailing gaps being a minor short-term supply factor.

AFFECTSCorn◆

SOURCE
interfax.comFeb 1, 2023

Price reaction & history

Corn◆neutralSO FAR1d +0.1%5d +1.2%20d -4.9%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Dec 7, 2016Ukrainian grain exports reach nearly 19 mln tonnes+1.6%
Apr 3, 2017Ukraine exports over 33 mln tonnes of grain since July 2016-0.9%
Feb 13, 2023UN: More than 21M tonnes of foodstuffs already exported from Ukrainian ports-1.3%
May 4, 2017Ukraine: From the beginning of 2016 – 2017г 37.2 mln. tonnes of grain have been exported from the country+1.3%
Aug 13, 2021Ukrainian ports transshipped more than 1 mln tonnes of barley in July-1.7%

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.

Corn CORN · GP ▸

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