# | Miller Magazine

> UkrAgroConsult says Black Sea wheat exporters (Ukraine, Russia, Kazakhstan) shipped about 39 million tonnes in the first half of the 2018/19 season, up 5% year on year and 25% above 2016/17. The region supplied roughly 35% of world wheat demand in 2017/18 and is expected to keep growing its share.

- Date: 2019-01-25 · published 2019-01-25T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/60945-miller-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong Black Sea export pace and a likely good 2019/20 crop point to ample competitive wheat supply, which tends to cap world wheat prices and pressure feed-wheat alternatives.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-14 | [India Doubles Import Duty On Wheat \| Miller Magazine](https://feedsoft.ai/events/67454-india-doubles-import-duty-on-wheat-miller-magazine.md) | +1.3% | +2.5% |
| WHEAT | 2021-06-16 | [Black Sea Wheat Exports To Grow 5% In 2021/22 \| ESM Magazine](https://feedsoft.ai/events/46432-black-sea-wheat-exports-to-grow-5-in-2021-22-esm-magazine.md) | -8.0% | -12.7% |
| WHEAT | 2019-10-10 | [FranceAgriMer Raises Wheat Export Outlook On Trader Optimism \| ESM Magazine](https://feedsoft.ai/events/56511-franceagrimer-raises-wheat-export-outlook-on-trader-optimism-esm-magazine.md) | +4.1% | +1.9% |
| WHEAT | 2021-10-28 | [Ukraine can set two wheat export records \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/44406-ukraine-can-set-two-wheat-export-records-ukrainian-and-world-shipping-news.md) | +10.0% | +9.2% |
| WHEAT | 2026-01-23 | [CBH sets new benchmark with over 24 M tonnes in 2025–26 grain receivals  - Milling Middle East & Africa Magazine - No.1 Grains Industry Magazine & Website for Africa & the Middle East](https://feedsoft.ai/events/21023-cbh-sets-new-benchmark-with-over-24-m-tonnes-in-2025-26-grain-receivals-milling.md) | +3.7% | +5.5% |
| CORN | 2023-04-07 | [Biomass Magazine](https://feedsoft.ai/events/36506-biomass-magazine.md) | +1.8% | -0.5% |
| CORN | 2023-10-25 | [ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports \| ESM Magazine](https://feedsoft.ai/events/33610-adm-profit-tops-estimates-on-good-ethanol-margins-brazilian-exports-esm-magazine.md) | -3.5% | -4.0% |
| CORN | 2021-07-08 | [USGC staff talk corn quality, DDGS with key buyers in Mexico  \| Biomass Magazine](https://feedsoft.ai/events/46169-usgc-staff-talk-corn-quality-ddgs-with-key-buyers-in-mexico-biomass-magazine.md) | +3.4% | -10.1% |

## Sources

- millermagazine.com: https://millermagazine.com/blog/black-sea-region-to-continue-enhancing-its-position-in-the-world-arena-3059
- millermagazine.com: https://millermagazine.com/en/blog/grain-market-2018-19-expectations-3071

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.