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Staple grain shipments through Ukrainian seaports fell 50% to 728 thousand tons in the week of October 5-11 from the prior week. Wheat shipments nearly halved to 473 thousand tons, barley dropped to 20 thousand tons, and corn fell 33% to 236 thousand tons.
A sharp drop in port exports reduces near-term Black Sea supply, which is mildly supportive for wheat and corn prices, though the weekly swing is small in the broader trade.
latifundist.comOct 16, 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.
