Four ships to deliver Ukrainian wheat, corn to China, Italy, Turkey as part of 'Grain Initiative'

After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.

• Apr 27, 2017In Ukrainian ports continues to become cheaper grain transshipment+1.7%
• Aug 20, 2022Two more grain ships leave Ukraine, Turkey's defence ministry says | Reuters-0.4%
• Apr 30, 2024Freight rates for the transportation of Ukrainian grain by sea affect its competitiveness+3.0%
• Aug 17, 2022Three more ships leave Ukrainian ports under U.N.-brokered grain deal+0.3%
• Dec 11, 2023Panama Canal drought to delay grain ships well into 2024 | Reuters+1.0%

After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.

• Jul 28, 2022Wheat prices fell in anticipation of the departure of grain ships from Ukrainian ports 28.07.2022 - UkrAgroConsult+4.6%
• Sep 16, 2023Two ships arrive in Ukraine port to load grain-0.8%
• Sep 17, 2023First two cargo ships arrive in Ukrainian port after Russia's exit from grain deal | AP News-0.8%
• Oct 29, 2019Railway grain deliveries to Ukrainian ports limited for the third time in 2019 — Latifundist.com-0.4%
• Apr 27, 2017In Ukrainian ports continues to become cheaper grain transshipment+3.4%