Loading…
Ukraine recorded record December corn exports of 3.12 million tonnes, and corn exports for 2018/19 reached 9.11 million tonnes, up 63% year on year. Barley exports fell 17% as feed makers switched to cheaper corn after barley prices rose on lower output.
Heavy Ukrainian corn shipments add export supply, while feed buyers substituting corn for barley shifts demand between these feed grains.
uga.uaRegistrationJan 3, 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.
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.
