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Freight rates for grain shipments from Ukraine's Odessa-area ports fell further in the week to January 25, with corn coaster and Panamax rates to China down $5-6 per tonne to $70-72. Barge rates to Constanta and sunflower freight to Bulgaria also declined.
Lower Black Sea freight reduces delivered costs for corn and sunflower meal importers in Europe and Asia, modestly bearish for landed feed grain prices.
interfax.comJan 26, 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.
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.
