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A Purdue agricultural economics outlook reviews 2022 trade disruptions, including the sharp fall in bulk freight rates and the Russia-Ukraine war's effect on grain, oilseed and fertilizer exports. It assesses trade policy heading into 2023.
Lower freight costs and continued Black Sea export uncertainty shape export competitiveness and price spreads for feed grains and oilseeds.
ag.purdue.eduMorgan FrenchJan 10, 2023After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
