
Ukraine shipped 8.1 million tonnes of grain through the Romanian Black Sea port of Constanta in January-July 2023. The pace slowed in July after Russia began attacking infrastructure at Ukraine's inland ports.
The Danube is now Ukraine's last waterborne export route.
Reduced Danube throughput limits Ukraine's export capacity, tightening available supply and supporting corn and wheat prices.
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.
After 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.
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.