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Ukrainian seaports shipped 4.47 million tonnes of grain in October 2020, up 9.6% month on month. Wheat exports fell 36.7% to 2.1 million tonnes and barley fell 29.1%, while corn exports jumped more than 23-fold to 1.9 million tonnes, with China the main corn destination.
The sharp swing toward corn from Ukraine adds Black Sea corn supply to export markets while wheat availability tightens, supporting corn competitiveness against US origin and modestly weighing on wheat values.
apk-inform.comNov 13, 2020After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
