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Ukraine has exported 23.36 million tonnes of staple grains in 2019/20 through November 25, up 35% from a year earlier. Wheat exports stand at 13 million tonnes and corn at 6.59 million tonnes, both well above last year.
Large cumulative Ukrainian exports signal ample Black Sea supply, which supports bearish pressure on wheat and corn prices.
latifundist.comNov 26, 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 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.
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.
