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APK-Inform forecasts Ukrainian grain production of 73.8 million tonnes in 2021/22, up 13%, with corn up 19% and wheat up 10%. Russian winter crops are 80% in good or fair condition, below last year's level.
The Russian Grain Union says exports will fall short of their potential due to export taxes.
Larger Ukrainian crops add export supply for the new season, which is bearish for corn and wheat. Russian crop conditions and export taxes are the main factors that could tighten supply.
grainsprices.comGate.BGApr 5, 2021After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
