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Ukrainian seaports shipped 595,000 tonnes of grain in the week of November 18 to 24, down 24% from the prior week's 780,000 tonnes. Wheat and corn each made up 46% of the week's exports.
Israel, China and Turkey were the main importers.
A weekly drop in Ukrainian port shipments slightly tightens near-term export availability for wheat and corn. Weekly swings of this size are routine and have limited price impact.
latifundist.comNews ServiceNov 28, 2017After 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.
After 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.
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.
