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Ukraine's Ministry of Agrarian Policy plans to sign a memorandum with grain market participants in October capping wheat exports at 25 million tons. The cap would also cover corn, and officials discussed a split between milling and feed wheat.
The ministry estimates about 24.4 million tons of grain could be exported.
A planned export cap on Ukrainian wheat and corn restricts supply from a major exporter and supports world prices. Feed buyers face tighter corn and wheat availability if the limit is enforced.
en.usm.mediaРуслан КумековOct 5, 2021After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
