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Ukraine's staple grain exports for the 2020/21 season reached 32.01 million tonnes as of March 1, down 21.67% from the prior year. Wheat was 78.29% of the 17.5 million tonne export limit, and corn exports were down 30% year on year.
The article notes that the 2019/20 season set a record of 57.2 million tonnes.
Lower Ukrainian corn and wheat export volumes shrink supply available to importers, which is supportive for prices. The remaining quota and the slower pace of shipments limit how much upside this creates.
latifundist.comMar 1, 2021After 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.
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.
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.
