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Ukraine has exported 16.8 million tonnes of grain since the July 2016 season start, including 9.5 million tonnes of wheat, 3.2 million tonnes of corn and about 4 million tonnes of barley. Ukraine also shipped about 700,000 tonnes of sunflower oil and 500,000 tonnes of sunflower and soybean meal in September-October.
Total grain harvest is expected at 64 million tonnes.
Strong Ukrainian grain export pace and a large harvest add competing supply to world wheat, corn and barley markets, which is mildly bearish for those grains.
shareuapotential.comNov 24, 2016After 375 past bearish trade events, WHEAT 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.
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.
