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Grain terminals in Ukrainian seaports are overloaded as corn accumulates, with more than 816 thousand tonnes exported since early April. Turkey and Italy lead buyers, and export quotes fell about $2 per tonne over the week.
Port congestion threatens contract delivery deadlines and slows unloading, which can widen basis discounts for Ukrainian corn. Stable European demand limits the price decline.
After 359 past bearish logistics events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), 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.