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Seven more ships carrying agricultural produce left Ukrainian ports on Sunday, bringing the total to 218 vessels since the UN-brokered Black Sea corridor took effect. The Ukrainian infrastructure ministry reported the departures.
Steady vessel departures confirm that Ukrainian grain is reaching world markets, adding supply that pressures wheat and corn prices lower.
reuters.comSep 25, 2022After 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.
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.
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.
