2.7 million metric tons of grain and other foodstuffs were moved from Ukraine under Black Sea Grain Initiative

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• May 31, 2019In 2019/20 MY, five countries of the Black Sea region to produce almost 250 mln tonnes of major grains — APK-Inform-2.5%
• Aug 12, 2019Brazil harvests 241 million tonnes of grains - Food & Agribusiness-6.0%
• Feb 9, 2017New RFA Report Shows U.S. Distillers Grains Exports Reached 11.48 Million Metric Tons in 2016+1.2%
• Dec 13, 2021USDA experts raised their forecast for Black Sea grain crop and exports 13.12.2021 - UkrAgroConsult-0.1%
• Sep 30, 2024Argentina to harvest 143.2 million tonnes of grains and oilseeds - Fastmarkets+1.0%

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• May 31, 2019In 2019/20 MY, five countries of the Black Sea region to produce almost 250 mln tonnes of major grains — APK-Inform+9.4%
• Sep 16, 2021Black Sea grain traders shifted focus to corn upon September USDA report release: Refinitiv Agriculture — Latifundist.com-4.1%
• Dec 13, 2021USDA experts raised their forecast for Black Sea grain crop and exports 13.12.2021 - UkrAgroConsult-6.0%
• Jan 15, 2024Wasde: Black Sea revisions add 2 million tonnes to global wheat balances - Fastmarkets+0.9%
• Feb 6, 2025Australia harvested 2 million tons of wheat more than forecast in 2024/25 MY-0.7%