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Panamax owners report an acute shortage of grain cargoes from Ukraine, with excess tonnage keeping freight rates under pressure. Ukrainian deep-water Panamax rates to southern China fell $1 to $33-35 per tonne.
Corn freight from Greater Odessa to Italy is about $16 per tonne, and Danube corn rates to Italy fell $1 to $25-27 per tonne.
Weak Black Sea freight reflects slower Ukrainian corn movement, which can ease export competition for corn and lower FOB offers from the region. Lower freight also supports delivered costs for European and Asian feed buyers.
en.usm.mediaNinaFeb 1, 2025Not enough comparable past events yet for a historical read.
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.
