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APK-Inform expects Ukraine and Russia to ship about 95.4 mln t of wheat, barley and corn abroad in 2019/20, up from 91.5 mln t last season. The report, presented at the Beirut Middle East Grains & Oils Congress, says Morocco and Saudi Arabia will raise barley and corn imports, with Saudi corn imports reaching 5.5 mln t.
Stronger Black Sea supply aimed at growing MENA import demand tends to cap FOB prices for wheat, barley and corn. The effect is modest because it is a forecast rather than a new shock.
apk-inform.comSep 19, 2019Not enough comparable past events yet for a historical read.
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.
After 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.
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.
