Loading…
Ukraine's temporary Black Sea corridor, set up by its navy after the grain deal collapsed, has received a second wave of commercial vessels carrying about 127,000 tonnes of agri-products and iron ore. Experts warn that significant dangers remain and that export volumes will likely be constrained in coming months.
Limited, risk-constrained export capacity keeps Ukrainian grain supply tight relative to pre-war levels, supporting wheat and corn prices and freight rates.
gtreview.comFelix ThompsonSep 27, 2023After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 285 past bullish logistics events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
