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Heavy rain and frost in Odesa caused icing and fallen trees, and grain train deliveries to the city's ports were roughly halved. Daily rail grain loads fell to about 80,400 tonnes on January 29, down from a record near 119,000 tonnes on January 27, and more than 9,000 railcars have backed up.
Slower rail deliveries delay Ukrainian grain loadings at Black Sea ports, which tightens near-term prompt supply and supports Black Sea wheat and corn export prices.
intent.pressJan 29, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
