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Grain ships left Ukrainian ports on Monday despite Russia's announced withdrawal from the Black Sea Grain Initiative. Ukraine reported 12 ships carrying 354,500 metric tons of grain, and UN and Turkish inspectors checked another 40 ships, while 218 vessels had been held up on Sunday.
Wheat, corn and soybean prices rose in early trading on the Russian announcement, and continued flows limit the supply impact while the deal's future stays uncertain.
dtnpf.comChris ClaytonOct 31, 2022After 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.
After 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 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
