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Ukrainian Agrarian Confederation Director General Pavlo Koval said nearly 90% of Ukraine's agricultural exports depend on maritime shipping. Foreign vessels have suspended calls at Ukrainian ports after Russian attacks on port infrastructure and ships.
Domestic wheat is selling from the field at about UAH 6,000 per tonne, while international prices have risen.
Stalled port calls restrict Ukraine's exports of the new harvest, keeping international wheat and corn prices firm while domestic prices fall.
agroconf.orgJul 9, 2020After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
