A US State Department briefing said the UN-brokered Black Sea deal had enabled over 100 ships to cross the Black Sea in its first month, shipping over 2 million metric tons of agricultural exports. The US official said the deal had lowered prices and stabilized markets.
Official confirmation that the corridor is operating at scale supports expectations of steady Ukrainian grain flows, which weighs on wheat and corn prices.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), 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.