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Ukraine is considering using its newly tested wartime Black Sea export corridor for grain shipments after the first successful evacuation of a vessel along the route the previous week, a senior agricultural official said. Ukraine also announced a humanitarian corridor in response.
A workable alternative sea route would ease the export bottleneck left by Russia's exit from the grain deal, adding supply to world wheat and corn markets and pressuring prices lower.
breakwaveadvisors.comSignal OceanAug 23, 2023
reuters.comAug 21, 2023Not enough comparable past events yet for a historical read.
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.
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.
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.
