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Ukraine's Sea Ports Authority said the country must be ready to export grain almost exclusively through its Danube River ports because Russia is effectively blocking Black Sea shipments. Under a working corridor, about half of Ukraine's agricultural exports leave via Black Sea ports, a quarter via Danube ports and a quarter via the western border.
Shifting exports to Danube and land routes raises costs and cuts capacity, which tightens available Ukrainian corn and wheat for export and supports world prices.
reuters.comPavel PolityukJun 27, 2023After 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 (SRW) 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.
