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Staple grain shipments from Ukrainian seaports reached 1.02 million tonnes in the week of March 28 to April 3, up 21% week on week. Corn exports rose 54% to 796,000 tonnes, while barley shipments surged 77%.
Wheat exports fell by about half over the same period.
Ukrainian port flows set Black Sea export supply, and the wheat decline tightens near-term supply for importers. Rising corn and barley shipments add competing supply to global feed markets.
latifundist.comNews ServiceApr 7, 2020After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
