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Grain shipments from Ukrainian sea ports fell to 500 thousand tons for November 25 to December 1, down 33% from 750 thousand tons the previous week. Corn shipments dropped to 249 thousand tons, wheat to 224 thousand tons and barley to 27 thousand tons.
Egypt, Morocco and the Netherlands were the leading importers that week.
A sharp weekly drop in Ukrainian port shipments tightens near-term export availability for corn and wheat, which is mildly supportive for Black Sea feed grain prices. One week's data is a limited signal.
latifundist.comDec 5, 2017After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
