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Russia, Ukraine and Kazakhstan have expanded grain output through higher yields and growing land, and their combined export volume is about 108 million tonnes, up more than 30% in five years. Their main sales are to North Africa and the Middle East, where they compete with EU exporters for tenders.
Rising Black Sea export supply intensifies competition for import tenders, which can pressure wheat and corn export prices for EU and other origins.
zmp.deNov 25, 2019After 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.
