Grain Still Pouring Out Of Ukraine

Never knowingly undersold Ukraine's grain exports are ahead of even last year's record pace, with 11.72 MMT having been shipped out so far this marketing year (to Dec 3rd), say the Ag Ministry.

Wheat exports account for 6 MMT of that total, with barley at 3.6 MMT and corn at 2 MMT. Rapeseed exports are not included in that total, but account for a further 1.4 MMT of exports so far this season.

That puts the country well past halfway towards it's 20 MMT export target for 2009/10. What are they going to do when they hit that? Keep on exporting until the silos are empty and the bread queues start forming?