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Ukrainian seaports shipped 759 thousand tons of grain in the week of June 15-21, up 28% from the prior week. Wheat shipments nearly doubled to 69 thousand tons and corn rose 23% to 679 thousand tons.
Egypt, the Netherlands and Italy were the top three importers.
Rising Ukrainian port flows add export supply in the Black Sea, a modest bearish factor for wheat and corn prices in import markets.
latifundist.comСлужба новостейJun 25, 2019After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
