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Ukraine's grain exports through its Black Sea ports fell 36% week on week to 725 thousand tonnes in the week of April 18-24. Wheat shipments dropped 37% and corn fell 29%.
Lower Ukrainian port flows reduce available supply to importers such as Egypt and Tunisia, supporting wheat and corn prices in the near term.
latifundist.comЛюдмила ГоробецApr 28, 2020After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
