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Two bulk vessels carrying about 94,000 tonnes of Ukrainian corn left port for Turkey and Spain. The Joint Coordination Centre also reported 71 vessels waiting to enter Ukrainian ports and 24 loaded ships awaiting inspection.
These are routine shipment updates. The waiting queue points to some logistics friction, but the volumes are too small to move prices on their own.
en.interfax.com.uaDec 1, 2022After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% 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.
