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Ukraine has exported 22.68 million tonnes of staple grains in 2019/20 through November 20, up 38% year on year. The harvest reached 73 million tonnes, with a yield of 4.89 t/ha compared with 4.67 t/ha in 2018.
A larger harvest and strong export pace point to ample Black Sea grain supply, which weighs on wheat and corn prices.
latifundist.comNov 21, 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.
