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Ukrainian farmers are relying on the Black Sea export corridor as the war's costs mount. Officials say the corridor could handle 2 to 2.5 million tons of grain a month, which combined with land routes and Danube transhipment could bring exports back toward 5 to 6 million tons monthly.
A recovery toward pre-war export volumes would add meaningful supply to wheat and corn markets, pressuring prices lower. The scale of the corridor's capacity is the key variable for world feed grain balances.
reuters.comPavel PolityukNov 23, 2023After 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.
