◂ Event Timeline

Sep 17, 2021TRADEBlack Sea

Black Sea corn reaps the rewards of US, South America export woes

Asian feed importers, including South Korea and Vietnam, are buying corn for October-November shipment. US and South American exporters face logistics and season-end constraints, so Ukrainian origin is expected to fill the demand.

WHY IT MATTERS

Reduced US and South American export availability shifts Asian corn demand toward the Black Sea, supporting corn export prices.

AFFECTSCorn▲

SOURCE
fastmarkets.comVeronika PrykhodkoSep 17, 2021

Price reaction & history

Corn▲bullishSO FAR1d -0.3%5d -4.3%20d -5.3%

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

Mar 26, 2021US corn sales hike drives expectations of 70 million mt exports - Fastmarkets+1.2%
Dec 7, 2016South American Gains Export Share at Expense of U.S.+1.6%
Jan 30, 2026China Turns to South America for Soybeans as U.S. Corn, Sorghum Exports Gain Momentum - RFD+0.7%
Jan 21, 2025Export prices for barley in Ukraine reached the level of corn and feed wheat prices-0.5%
Aug 11, 2021Ukraine's forward sales and demand hopes support corn prices - Fastmarkets+1.1%

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.

Corn CORN · GP ▸

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