
Ukraine's Sea Ports Authority said its Black Sea corridor has handled 50 million tonnes of cargo since August 2023. Ukraine exported a record 6.6 million tonnes of grain and oilseeds in April 2024, with about 5.2 million tonnes shipped through its Black Sea ports.
Steady, record Ukrainian seaborne exports add supply to the wheat and corn markets, which is bearish for prices. The result also shows the corridor can operate without the Black Sea Grain Initiative.
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.