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Ukraine's staple grain exports reached 13.84 million tonnes as of October 19, down 16% year on year. Wheat shipments were 9.59 million tonnes and corn shipments were 1.09 million tonnes, down 63%.
USDA's Ukrainian corn forecast was cut to 36.5 million tonnes.
Weaker Ukrainian corn exports and a reduced USDA crop estimate support corn prices, while the wheat export pace is a smaller factor for global wheat.
latifundist.comOct 19, 2020After 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.
