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A Ukrainian deputy prime minister said a cargo vessel left Chornomorsk after loading grain, following the collapse of the Russia-brokered deal. The bulk carriers Resilient Africa and Aroyat were due to load almost 20,000 metric tons of wheat for Africa and Asia.
Small resumed shipments from Ukraine provide some alternative supply, modestly easing wheat price pressure created by the loss of the export corridor.
reuters.comPavel PolityukSep 19, 2023After 137 past bearish logistics events, WHEAT 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.
