Urea: China’s comeback aids India in securing 1.76m. tonnes, undermining bull rally and raising doubts over Q4 support levels

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.

• Feb 1, 2023Over 19 mln tonnes of Ukrainian foods exported under Black Sea Grain Initiative+1.2%
• Sep 21, 2023Asia rice: India’s export curbs stall trade; prices in other hubs decline - Markets - Business Recorder-0.2%
• Apr 25, 2021The U.S.-China Phase 1 Trade Agreement— Purchases of goods and services by China continue to lag dramatically behind commitments - WITA+13.6%
• Dec 4, 2020October U.S. Ethanol Global Sales Burst Back to Pre-Pandemic Levels while U.S. DDGS Exports Moderate-0.7%
• Dec 1, 2025Rising Barley Prices in Ukraine: Supply and Demand Dynamics+0.3%

After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.

• Jan 19, 2022Spotlight on India’s Trade-Distorting Domestic Wheat and Rice Support+1.9%
• Dec 23, 2022India exports 465,000 tonnes wheat worth $1.5 billion during Apr-Oct+0.7%
• May 17, 2018In April Ukrainian sea ports reduced export deliveries by 10% — Latifundist.com+4.3%
• Dec 1, 2025Rising Barley Prices in Ukraine: Supply and Demand Dynamics+1.9%
• Sep 14, 2020Rice, Sugar, and Pulses Lead India's Agricultural Exports - Grainmart News+1.4%