Loading…
Ukraine says its Black Sea corridor exported 10 million tonnes of goods in four months, nearly 5 million of them agricultural. Vessel arrivals rose steadily after the route opened in September, and shipments of non-food cargo are also increasing.
Steady corridor export flow restores Ukrainian grain supply to world markets, which is bearish for feed grain prices and freight rates as ship owners return.
osw.waw.plSławomir MatuszakDec 22, 2023After 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.
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.
Not enough comparable past events yet for a historical read.
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.
