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Ukrainian Grain Association president Nikolay Gorbachov said Ukraine's grain output has doubled since 2000 to 85 million tons and could double again. He noted Ukraine produces about 25 million tons of wheat yearly, exporting roughly 17.5 million tons.
Ukraine's wheat yields are far below France and Great Britain.
Ukraine's expanding production and export capacity is a long-term bearish factor for world wheat and corn prices as supply grows.
graincentral.comNeil LyonAug 2, 2018After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
