◂ Event Timeline

Nov 14, 2023LOGISTICSBlack Sea

Ukraine says agreed with Britain discounts on insurance for Black Sea exports

Ukraine says it agreed with Britain on insurance discounts for Black Sea exports. The discounts follow the launch of a humanitarian corridor after Russia quit the UN-brokered grain deal.

WHY IT MATTERS

Cheaper war-risk insurance lowers the cost of moving Ukrainian grain, which modestly supports export flows and weighs on wheat prices. The effect is limited because the corridor's overall volume remains the main driver.

AFFECTSWheat (SRW)▼

SOURCE
reuters.comPavel PolityukNov 14, 2023

Price reaction & history

Wheat (SRW)▼bearishSO FAR1d -0.2%5d +2.7%20d +0.3%

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.

Feb 13, 2024Ukraine on track to export all 2023 grain, says Britain | Reuters-0.5%
Oct 26, 2023Ukraine says its Black Sea grain corridor is working | Reuters+2.2%
Nov 9, 2023Ukraine: Alternative Black Sea export corridor is working despite attack | Reuters-2.9%
Oct 1, 2023Five more cargo ships head for Ukraine's Black Sea ports, deputy prime minister says | Reuters-3.9%
Nov 23, 2023Ukraine's farmers pin hopes on export corridor as war cost mounts | Reuters-0.0%

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.

Wheat (SRW) WHEAT · GP ▸

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