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Ukrainian corn exporters hope inspection procedures will accelerate in 2023, as January and February are typically peak shipping months. Exporters accuse Russia of deliberately slowing ship approvals under the Black Sea Grain Initiative.
Ukraine starts the year with large corn stocks and unharvested crop in the field.
Persistent inspection bottlenecks could hold back Ukrainian corn sales into Europe and North Africa, supporting import-dependent feed demand and prices.
spglobal.comJan 5, 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.
