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Seaborne Ukrainian grain flows fell 39% week on week to about 601,000 mt in late November as congestion and inspection delays built up. Traders had hesitated to ship during the negotiations over extending the Black Sea safe passage deal, and freight rates were falling.
Slower Ukrainian export flows tighten near-term supply for importers, supporting corn and wheat prices, while weaker vessel demand pushes ocean freight rates lower.
ukragroconsult.comDec 1, 2022After 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.
Not enough comparable past events yet for a historical read.
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.
