◂ Event Timeline

Sep 16, 2023LOGISTICSBlack Sea

Two ships arrive in Ukraine port to load grain

Two cargo vessels arrived in Ukraine on Saturday, the first ships to use the new corridor, to load almost 20,000 tonnes of wheat for Africa and Asia. Ukrainian port authorities confirmed the arrivals.

WHY IT MATTERS

Resumed loading of Ukrainian wheat adds modest supply to world markets, which is mildly bearish for wheat prices.

AFFECTSWheat (SRW)▼

SOURCE
reuters.comSep 16, 2023

Price reaction & history

Wheat (SRW)▼bearishSO FAR1d -0.5%5d -0.8%20d -2.4%

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.

Sep 17, 2023First two cargo ships arrive in Ukrainian port after Russia's exit from grain deal | AP News-0.8%
Sep 22, 2023First big grain ship leaves Ukraine's Black Sea port-1.5%
Jul 13, 2017Ukraine's sea ports transship 450,000 tonnes of grain in July 1-7-1.8%
Aug 20, 2022Two more grain ships leave Ukraine, Turkey's defence ministry says | Reuters-9.3%
May 1, 2024Ukrainian grain exports rebound as ship arrivals near pre-war levels+2.2%

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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