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Ukrainian seaports shipped 856 thousand tons of corn in the March 16-22 week, down 31% week on week. Wheat shipments fell 19% to 117 thousand tons, and barley shipments resumed at 18 thousand tons.
China, Egypt and Spain were the top grain importers.
Lower Ukrainian port shipments reduce global corn export supply, which is mildly supportive for corn prices. The barley restart is too small to move prices.
latifundist.comMar 26, 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.
Not enough comparable past events yet for a historical read.
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.
