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Ukraine exported 6.3 million tonnes of wheat, barley and corn to Middle Eastern countries in July-December 2019/20, about 21% of its total grain exports and up 70% from a year earlier. Turkey, Yemen and Israel were the key buyers.
Strong Middle East demand for Ukrainian grain supports Black Sea export prices and shows buyers are absorbing supply, mildly supportive for wheat and barley.
apk-inform.comJan 19, 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.
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.
