# Ukraine corn crop plunge balanced by huge stocks, aiding exports for now

> Ukraine's corn crop fell sharply, but large carry-in stocks are keeping exports strong. The Black Sea Grain Initiative has raised Ukraine's export capacity and pushed some competition, including US supply, out of key markets.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14428-ukraine-corn-crop-plunge-balanced-by-huge-stocks-aiding-exports-for-now
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Ample Ukrainian stocks and export access add supply to world corn markets and reduce demand for US corn, which is bearish for corn prices despite the smaller harvest.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-03 | [Strong end to year as Ukraine corn, wheat exports jump -](https://feedsoft.ai/events/60947-strong-end-to-year-as-ukraine-corn-wheat-exports-jump.md) | +1.6% | +2.3% |
| CORN | 2022-03-01 | [COMMENTARY: Ukraine’s unmatched corn crop gains encroach on rival exporters](https://feedsoft.ai/events/42744-commentary-ukraine-s-unmatched-corn-crop-gains-encroach-on-rival-exporters.md) | +4.7% | +12.1% |
| CORN | 2024-04-05 | [Huge Chinese, Brazilian corn crops may limit US exports into 2025](https://feedsoft.ai/events/14756-huge-chinese-brazilian-corn-crops-may-limit-us-exports-into-2025.md) | -2.2% | -0.4% |
| CORN | 2022-07-22 | [Ukraine war: Deal signed to allow grain exports to resume by sea - BBC News](https://feedsoft.ai/events/14474-ukraine-war-deal-signed-to-allow-grain-exports-to-resume-by-sea-bbc-news.md) | -2.2% | +1.9% |
| CORN | 2020-04-28 | [US corn surplus could pose a challenge to Aus barley exports \| The Land \| NSW](https://feedsoft.ai/events/53716-us-corn-surplus-could-pose-a-challenge-to-aus-barley-exports-the-land-nsw.md) | +1.5% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/ukraine-corn-crop-plunge-balanced-by-huge-stocks-aiding-exports-now-2022-12-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.