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Grain shipments from Ukrainian seaports fell 30% week on week to 816 thousand tons for February 23 to March 1. Wheat exports dropped 67% and corn exports fell 15% to 717 thousand tons.
Barley was not shipped.
The drop in Ukrainian wheat and corn port flows reduces near-term export supply, which is mildly supportive for wheat and corn prices.
latifundist.comСлужба новостейMar 5, 2019After 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.
After 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.
