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Staple grain shipments through Ukrainian seaports reached 1.87 million tons in the week of October 19-25, up 2.5 times from the prior week. Wheat shipments doubled to 814 thousand tons and corn exports rose to 934 thousand tons, while barley fell 31%.
Faster Black Sea export flows add competing supply for importers such as Turkey, Indonesia and China, which is mildly bearish for wheat and corn prices.
latifundist.comOct 29, 2019After 206 past neutral trade events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
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.
