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Ukrainian seaports have shipped 33.87 million tonnes of staple grains since the start of 2019/20, up 29% year on year as of January 20. Wheat exports total 15.46 million tonnes and corn 14.22 million tonnes.
Strong cumulative Ukrainian export pace signals ample exportable supply from the Black Sea, weighing on wheat and corn prices.
latifundist.comJan 21, 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 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.
