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Russian sea ports exported 681,400 tonnes of grain in the week of January 20-26, up from 423,700 tonnes the week before. Season-to-date exports reached 22.09 million tonnes, slightly above last year, with wheat up 4.5% and corn up 41%.
Steady Russian export pace keeps Black Sea supply competitive, which is bearish for wheat and corn export prices.
grainsprices.comGate.BGJan 31, 2017After 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.
After 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.
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.
