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Ukrainian grain output in 2019-20 is forecast to rise 1% to 70.8 million tonnes, exceeding last season's record, though corn output is expected to fall by 2 million tonnes. Delivering grain to ports remains a challenge.
The forecast came from a conference in Odessa in May.
Larger Ukrainian wheat and barley crops add export supply, mildly bearish for wheat, while lower corn output is supportive for corn.
world-grain.comSusan ReidyJun 6, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
