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Ukraine's Ministry of Agriculture reported 2.003 million tonnes of grain exported from the season start through July 27, including wheat, barley and corn. Harvest was 67% complete, with 23.04 million tonnes of grain harvested, and Russia had harvested 17.2% of its grain area with yields tracking above the prior year.
Brisk Ukrainian export pace alongside a larger early Russian harvest points to ample Black Sea wheat and barley supplies, which tends to pressure feed grain prices.
grainsprices.comGate.BGJul 31, 2017After 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.
Not enough comparable past events yet for a historical read.
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.
