Congestion at the Danube and Sulina Canal has extended Ukraine-to-Egypt grain delivery times to over a month from 12 days. Freight costs from Ukraine's Danube ports to Egypt rose to about $105 per tonne by September 11 from $30 in July, after Russian attacks blocked Black Sea ports.
Higher costs and delays reduce the competitiveness of Ukrainian grain in Egypt and other markets, supporting wheat and corn prices from alternative origins.
After 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.
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.