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Ukrainian shipping media reports that handysize freight rates from Ukrainian deep-sea ports rose by 2 USD/t to 23-24 USD/t, and kosters from Danube ports rose to 28-30 USD/t. Panamax rates to southern China held at 48-50 USD/t, while barge rates from Reni or Izmail to Constanta were 9-10 EUR/t.
Higher short-sea freight from Ukraine modestly raises the delivered cost of corn and wheat into EU and Chinese feed markets, supporting Black Sea export prices at the margin.
en.usm.mediaNinaSep 30, 2024After 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.
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.
