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Total cargo throughput at Azov and Black Sea basin ports fell 11.7% year-on-year in November 2021. Exports dropped 16.3%, while transit rose 17.5%.
Grain made up 13.7% of total throughput.
Lower export throughput at Russian Black Sea ports points to reduced grain shipment capacity, a modestly supportive factor for wheat and corn prices in export markets.
scceu.orgDec 29, 2021After 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.
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.
