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Ukraine's staple grain exports reached 7.05 million tonnes in 2020/21 as of August 31, down 20% from a year earlier. Wheat exports were 4.46 million tonnes, barley 2 million tonnes and corn 570 thousand tonnes, down 69% year on year.
The government and trade signed a memorandum setting a 17.5 million tonne wheat export limit for 2020/21.
A 17.5 million tonne wheat export cap limits Ukraine's share of world wheat supply, which supports global wheat prices. The steep corn export decline keeps Black Sea feed-corn availability tight.
latifundist.comAug 31, 2020After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
