Ukraine's grain exports double on record harvest

Ukrainian grain exports had almost doubled so far in the current marketing year to 20.26-M tons, due to Y 2011′s record harvest, local media reported Wednesday.

The total a year earlier was 10.6-M tons.

Wheat exports since July 1, 2011 rose 51% o 4.97-M tons, while corn exports nearly tripled from a year earlier to 12.7-M tons, the Interfax-Ukraine news agency said referring to a government document.

However, Barley shipments fell 2.5% to 2.4-M tons, it said.

In May alone, Ukraine shipped 1.84-M tons of grain, it said.

Ukraine's carry-over stocks were forecast to be 10-M tons by 1 July, when the new season starts.

Ukraine had a record grain harvest of 56-M tons in Y 2011.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.