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Ukraine's grain exports averaged about 4 million tonnes a month in January and February 2024, roughly double earlier months and above volumes under the expired Black Sea Grain Initiative. Shipments have moved through alternative routes including a western Black Sea corridor, Danube ports and overland links.
Rising Ukrainian shipments add grain supply to export markets while lifting dry bulk shipping demand, which supports freight rates.
drewry.co.ukMar 4, 2024Not enough comparable past events yet for a historical read.
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.
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.
