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The first cargo of Ukrainian corn sailed from the Romanian port of Constanta, totaling 71,000 metric tons, after bypassing a Russian naval blockade that has largely halted Ukraine's grain exports. The port operator Comvex confirmed the shipment.
This shipment shows a small alternative export channel for Ukrainian corn, but volumes are too limited to offset the broader loss of Black Sea supply, so corn prices stay supported.
wsj.comWill HornerApr 29, 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.
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.
