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Russia is reportedly slowing Ukrainian grain export inspections, with some reports of 45-day waits, possibly to prioritise its own wheat exports. Chicago corn averaged about 6.7 USD/bu since September, and Ukrainian corn harvest was 90% complete at 25.2 million tonnes.
Argentine corn conditions improved on ample rains.
Slower Black Sea exports and Russian wheat prioritisation tighten nearby supply and support wheat and corn prices, partly offset by good South American crop conditions.
czapp.comAlberto CarmonaJan 31, 2023Not enough comparable past events yet for a historical read.
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.
