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Ukrainian seaports shipped 452 thousand tons of grain in June 8-14, down 39% from the prior week. Wheat shipments fell 42% to 19 thousand tons, barley was not shipped, and corn dropped 16% to 433 thousand tons.
China, Iran and Turkey were the top importers.
Weaker port movement tightens near-term Black Sea export availability, mildly supportive for corn and wheat.
latifundist.comNews ServiceJun 17, 2019After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
