
Romania's Constanta port shipped a record 32.6 million metric tons of grain in January-November, with Ukrainian shipments around 40% of the total. Ukraine shipped 13 million tons through Constanta in the first eleven months, up from 8.6 million in all of 2022.
Record Danube-Black Sea throughput shows Ukrainian grain reaching world markets via alternative routes, adding supply that is mildly bearish for feed grain prices.
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.
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.