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The Ukrainian Ministry of Agriculture reported 29 million tonnes of grain exported through February 23, with wheat at 13.3 million and corn at 10.6 million tonnes. The ministry expects total season exports near 41 million tonnes, with about 9 to 9.5 million tonnes of corn and 2 to 2.5 million of wheat still to ship before June 30.
Strong Ukrainian export pace and the expected near-record season total add to global corn and wheat supply, favoring lower export prices, though quality concerns on corn may limit the downside.
shareuapotential.comFeb 27, 2017After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
