
Ukraine is shifting grain shipments to the Danube River, rail and road freight as Russian blockades restrict its Black Sea ports. Rail is the primary alternative, but these routes can handle only 50% to 55% of the Black Sea ports' monthly capacity.
Ukraine is also counting its export losses.
Capacity limits on alternative routes keep Ukrainian grain supply constrained, supporting wheat and corn export prices and raising freight costs.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
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.