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Shipowners raised freight rates slightly for Ukrainian grain exports in late February, according to the Ukrainian Grain Association. Panamax corn rates to South China were about $33-34/t, up $2/t week on week, and handysize rates to Italy rose to $16-17/t.
Barge rates on the Danube were unchanged.
Higher Black Sea freight raises the delivered cost of Ukrainian corn and wheat into Asia and Europe, supporting export prices for competing origins. The increase is modest and mainly reflects tight vessel availability.
en.usm.mediaNinaMar 3, 2025After 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.
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.
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.
