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Russia's Ministry of Agriculture cut its 2016-17 grain export forecast to 33.9 million tons from 37 million. Exports through March 29 totaled 28.016 million tons, including 21.687 million of wheat and 3.893 million of corn.
Russian sea port exports were 756,000 tons in the week to March 30.
A lower export forecast from the largest Black Sea exporter tightens global wheat, corn and barley supply and supports prices.
grainsprices.comGate.BGApr 4, 2017After 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.
After 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.
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.
