Loading…
Analysts expect the US-China trade conflict to open new sales opportunities for Black Sea exporters Russia, Ukraine and Kazakhstan, including wheat, corn and soybeans to China and the EU. The region already holds a large share of the world wheat market.
Redirected Chinese and EU demand toward Black Sea origin supports export prices for wheat, corn and soybeans, though the effect is a trend rather than a single event.
feedandgrain.comDec 1, 2020After 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.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
