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The UN expressed concern that few grain ships are calling at Pivdennyi (Yuzhny) port, which accounted for over one third of shipments under the Black Sea deal. No fertilizers, including ammonia, had yet been shipped from the port.
Reduced port throughput limits the effective capacity of the corridor, modestly supporting grain prices if congestion persists.
reuters.comMichelle NicholsMay 22, 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.
