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President Zelensky said the first grain ship from Ukraine since the invasion is ready to leave Chornomorsk port. Officials said 17 ships with about 600,000 tonnes of cargo were waiting at three Black Sea ports for clearance.
Timing depends on safe conditions under the UN-led agreement.
The waiting cargo represents a near-term supply release, but the limited first departures suggest the flow will ramp up slowly, so the price effect is moderate.
bbc.co.ukJames Waterhouse, Paul KirbyJul 29, 2022After 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.
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.
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.
