Return to the Black Sea: New grain lane could ease Ukraine’s rift with neighbours

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.

• Dec 30, 2023Panama Canal backup forces detours for Asia-bound grain ships | World Ports Organization-2.0%
• Oct 24, 2023Ukraine Exports 700,000 T Grain Via New Black Sea Corridor - Minister-4.3%
• May 27, 2022Grains Outlook Points To Dry Bulk Headwinds | World Ports Organization-4.1%
• Oct 26, 2023Ukraine says its Black Sea grain corridor is working | Reuters-3.5%
• Aug 21, 2023Ukraine may use new Black Sea route for grain shipments -producers | Reuters-1.1%

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.

• Oct 24, 2023Ukraine Exports 700,000 T Grain Via New Black Sea Corridor - Minister+1.8%
• Oct 26, 2023Ukraine says its Black Sea grain corridor is working | Reuters+2.2%
• Aug 21, 2023Ukraine may use new Black Sea route for grain shipments -producers | Reuters-2.4%
• Nov 14, 2023Ukraine says agreed with Britain discounts on insurance for Black Sea exports | Reuters+2.7%
• Jul 25, 2022First Ukraine Black Sea grain shipments could move in days - U.N., Ukraine-9.5%

Not enough comparable past events yet for a historical read.