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Romania's government aims to double monthly transit capacity for Ukrainian grain through Constanta to four million tons, from near zero before the war. Operator Comvex expects a new system by mid-October to add 120,000 tons per month, after about 2.7 million tons passed through in August.
Expanded Danube and Constanta routes give Ukraine a larger alternative export outlet, which increases total grain flow and tempers wheat and corn price support from the Black Sea disruption.
reuters.comLuiza IlieSep 20, 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.
