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Corn shipments from Ukrainian seaports fell 60% week on week to 467 thousand tons for March 2-7. Total main grain exports were 593 thousand tons, down 54%, and barley was not shipped.
Iran, Egypt and Portugal were the top importers.
A sharp drop in Ukrainian port corn exports tightens export availability in the short term, which is mildly bullish for corn prices.
latifundist.comMar 11, 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.
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.
