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Spike Brokers reports that grain freight rates out of Ukraine's Odesa ports rose by $2 for handysize vessels on active grain chartering. Handysize and Panamax rates were steady, and Danube barge rates stayed low.
Ukraine has exported 53.9 million tonnes of agricultural products so far.
Higher Black Sea grain freight raises the landed cost of Ukrainian corn and barley for importers, modestly supporting regional feed grain prices.
en.usm.mediaNinaOct 23, 2024After 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.
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.
