Loading…
Ukraine's record wheat harvest and high export volumes marked the start of the 2019/20 marketing year, with heavy supply pushing domestic bids lower. A Millcorp Grain Trading executive says the market has tended to overlook trade wars, and grain quality now matters more than currency moves.
Hryvnia strength also squeezed farmer margins.
Large Black Sea wheat supply and quality-driven demand keep export prices under pressure, reinforcing a bearish wheat outlook.
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.