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Ukrainian seaports shipped 774 thousand tonnes of staple grains in the week of March 21-27, 2020, down 39% week on week. Corn exports halved to 412 thousand tonnes and wheat fell 5%, with Iran, Egypt and Turkey the top importers.
A sharp drop in corn loadings reduces near-term Black Sea export supply and is mildly supportive for corn prices. The weekly swings are volatile, so the signal is limited.
latifundist.comNews ServiceMar 31, 2020After 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.
After 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.
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.
