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UN coordinator Amir Abdulla said 129 fully laden ships carrying over 2.8 million tons of grain had left the three designated Ukrainian Black Sea ports. Fertilizer shipments from Russia were reported to be down over the same period.
Higher Ukrainian grain exports add supply to global wheat and corn markets, while lower Russian fertilizer flows tighten nitrogen supply and support urea prices.
apnews.comEdith M. LedererSep 13, 2022After 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.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
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.
