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Ukrainian grain exports reached 36.7 million tons as of March 27, up 6.8 million tons (23%) year on year. Corn exports were 19.5 million tons, up 7.7 million, while wheat was 13.2 million tons, down 0.68 million.
Strong Ukrainian corn exports add to global supply and weigh on corn prices, while lower wheat exports slightly support wheat.
latifundist.comMar 27, 2019After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
