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Ukraine's grain export revenue totaled $11.7 billion in 2020, about 24% of its export earnings. Ukraine expects to cut grain exports 17% in 2020/21 because of a smaller crop, and drought in 2020 lowered stocks, which has changed grain prices and transport tariffs.
A 17% cut in Ukrainian grain exports removes supply from world markets, supporting wheat and corn prices and raising the cost of rail transport to ports.
apk-inform.comFeb 27, 2021After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
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.
