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UkrAgroConsult forecasts Ukraine's 2017 grain harvest at 60.9 million tons, down 7.7% from last year. Corn is seen at 25.5 million tons, down 8.9%, and barley at 8.5 million, down 9.6%.
Wheat is forecast to rise 3% to 24.2 million tons.
Lower expected corn and barley output reduces Black Sea supply available for export and supports feed grain prices. Wheat output is higher, which partly offsets the decline.
grainsprices.comGate.BGApr 11, 2017After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
