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NIBULON, a Ukrainian agribusiness shipper, moved nearly 1.6 million tonnes of agricultural commodities for export in the second quarter of the marketing year, its best result since starting operations. Corn made up 40.8% of exports and wheat 26%, despite a poor harvest in southern Ukraine.
Strong shipments from Ukraine's private exporters indicate Black Sea corn and wheat are moving well, a modestly bearish factor for export prices despite a smaller crop.
drybulkmagazine.comLydia WoellwarthJan 20, 2021After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
