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A Ukrainian official said Ukraine is ready to ban wheat exports if necessary. Ukraine has exported 18 million tonnes of wheat in 2019/20, leaving about 2 million tonnes for the rest of the season ending June 30.
A Ukrainian wheat export ban would tighten Black Sea supply already constrained by Russian quotas, pushing global wheat prices higher and shifting demand toward other origins.
reuters.comPavel PolityukApr 15, 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 37 past bullish policy events, Wheat (HRW) moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% 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.
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.
