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About 700,000 metric tons of grain have been exported through Ukraine's new Black Sea corridor since August, the agriculture minister said. The route was set up to bypass a de facto Russian blockade after Moscow abandoned the UN- and Turkey-brokered grain deal in July.
The corridor provides an alternative export route for Ukrainian grain, partially offsetting the loss of the previous deal and limiting upward pressure on feed grain prices.
agriculture.comReutersOct 24, 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.
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.
