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Ukrainian sea ports shipped 788 thousand tons of main grain crops from March 17 to 23, up 9% from the prior week. Corn drove the gain at 626 thousand tons, while wheat rose 3% to 159 thousand tons.
Egypt, Morocco and Ireland were the leading destinations.
Steady Black Sea corn export flows add supply to world markets and keep competition for feed grain buyers intense. Higher corn shipments are mildly bearish for corn prices and firm for wheat competition.
latifundist.comNews ServiceMar 26, 2018After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
