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Ukrainian wheat prices recovered after a ship incident near Odesa temporarily pushed prices down. Asian buyers are returning with demand for December-January delivery, and exports are shifting from Odesa to Constanta.
Third-class wheat is quoted at $170-175 per ton CPT Odesa.
Renewed Asian demand for Ukrainian wheat and rising global prices support wheat values, with Black Sea logistics disruptions adding upward pressure.
ukragroconsult.comNov 17, 2023After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
