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The first grain shipment under the Black Sea deal, 23,000 metric tons of wheat, is en route to Djibouti. Two dozen ships have left Ukrainian harbors since the July restart, carrying corn, sunflower oil and wheat.
Resumed Ukrainian exports add wheat and corn supply to import-dependent Africa and global markets, reducing upward price pressure.
dw.comPhilipp SandnerAug 19, 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.
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.
