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Ukrainian shipowners are holding freight rates steady ahead of the holidays despite limited cargo flow from Ukraine. Panamax rates for corn or wheat from Odesa to southern China are stable at $39-40/t, and Danube barge rates to Italy fell $1 to $27-29/t.
Stable Black Sea freight rates keep Ukrainian grain competitive in Asian and Mediterranean markets, with limited cargo flow suggesting modest export pressure on corn and wheat prices.
en.usm.mediaNinaDec 20, 2024Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
