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Staple grain shipments from Ukrainian seaports were 1.25 million tonnes in the week of Feb. 15-21, up 2% week on week.
Wheat shipments rose 67% to 342 thousand tonnes, while corn fell 6% to 895 thousand tonnes.
Steady port volumes and a sharp rise in wheat exports indicate solid Ukrainian supply, which is mildly bearish for wheat prices. Corn flows were little changed, so the effect on corn is limited.
latifundist.comFeb 25, 2020After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 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.
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.
