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Staple grain shipments through Ukrainian seaports totalled 1.13 million tons in the week of October 12-18, up 47% from the previous week. Wheat rose 20%, corn rose 68% to 473 thousand tons, and barley grew fivefold.
Ukraine's harvest was 86% complete.
Rising port throughput during harvest signals larger export supply, a modestly bearish factor for Black Sea wheat and corn prices.
latifundist.comOct 23, 2019After 206 past neutral trade events, Wheat (SRW) 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.
