Wheat fell in Paris and Chicago after Russia allowed some grain ships to leave the Sea of Azov for the first time since July. Corn posted a modest gain in the same session.
Resumed Russian shipments from the Sea of Azov add export supply to the Black Sea, pressuring wheat prices and cheapening wheat in feed rations.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.