
Ukrainian port operations are gradually recovering, with Pivdenny and Chornomorsk terminals showing high cargo turnover. Greater Odessa ports loaded about 1,150 tons per day in late January, and cargo stocks stayed above 930,000 tons.
Improving port throughput eases Black Sea logistics bottlenecks, modestly reducing the supply premium on Ukrainian grain and meal.
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 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.