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Ukraine shipped about 4.8 million metric tons of foodstuffs, mostly grain, from its Black Sea ports in December 2023, surpassing volumes under the former UN-brokered corridor. The shipments came as Houthi attacks in the Red Sea tested alternative routes.
Strong Ukrainian export flows add supply to world grain markets, while longer routes around the Red Sea raise freight costs that feed into delivered grain prices.
reuters.comGus TrompizJan 25, 2024Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
