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Ukrainian sea ports shipped 1.13 million tonnes of staple grains from May 16 to 29, 44% less than the prior two weeks, according to APK-Inform. Wheat shipments fell 59% to 304,000 tonnes, corn fell by a third to 802,000 tonnes, and barley dropped to 19,000 tonnes.
The slowdown in Ukrainian port loadings reduces near-term export supply of wheat and corn. Buyers should expect firmer Black Sea offers if the pace does not recover.
latifundist.comJun 2, 2020After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
