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Corn shipments from Ukrainian seaports fell to 592 thousand tons for April 6-12, down 26% week on week. Total grain shipments were 777 thousand tons, 20% below the same week of 2018, with wheat down 10% to 156 thousand tons.
Iran, China and Egypt were the top importers.
Weaker Ukrainian port loadings reduce near-term corn and wheat export availability from the Black Sea, a modest support for global corn and wheat prices and for feed grain import costs.
latifundist.comNews ServiceApr 16, 2019After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
