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Ukrainian seaports shipped 1.16 million tonnes of staple grains in the week of January 18 to 24, up 5% from the prior week. Wheat exports dropped 61% to 101,000 tonnes while corn rose 26% to 1.06 million tonnes, with Egypt, Turkey and the Netherlands the top importers.
The sharp wheat export drop reduces near-term Black Sea wheat supply, while the rise in corn shipments adds to export availability.
latifundist.comJan 28, 2020After 431 past bullish trade events, WHEAT 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.
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.
