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Under the UN-brokered grain deal, about 9.76 million tonnes of agricultural products, mainly corn with some soybeans, sunflower oil, sunflower meal and barley, have been shipped. Ukrainian wheat exports have helped push Chicago wheat prices back near pre-invasion levels, though food prices in developing countries remain high.
Export flows from Ukraine have capped global wheat and corn prices, while high retail staple prices reflect weak local supply and currency conditions rather than futures.
reuters.comNigel HuntAug 9, 2022After 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 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.
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.
