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Ukrainian seaports exported 3.51 million tonnes of major grains in March 2018, up 40% from February. Corn shipments rose 80% to 2.55 million tonnes, while wheat exports fell to 894 thousand tonnes.
A sharp rise in Ukrainian corn exports adds supply to world corn markets and competes with US corn in key importers such as Egypt, which can pressure corn export prices.
latifundist.comApr 13, 2018After 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.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
