Ukraine is on track to export all of its 2023 grain, according to the UK government. Ukraine launched a shipping corridor along its western Black Sea coast in August 2023, a month after Russia exited the UN- and Turkey-brokered grain deal that had allowed safe exports.
Sustained Ukrainian grain flows through the corridor keep global wheat and corn supplies ample, which tends to cap prices for feed grains.
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.