Loading…
The Signal Group's Week 29 dry market monitor reports that Ukrainian grain shipments rose in the first half of 2024 despite Black Sea security risks. Spain and China each took about 20% of Ukrainian exports, and Egypt about 10%.
Ukraine's continued export growth through alternative routes keeps Black Sea grain supply moving, which limits upside in world wheat and corn prices.
thesignalgroup.comLinkedInJul 18, 2024After 206 past neutral trade events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
