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BPG Shipping's director discusses the Black Sea grain corridor, noting the agreement was extended 120 days with no decision yet on a one-year extension or adding Mykolaiv port. Recovery of the corridor is slower than expected, with JCC inspection delays and queues.
Uncertainty over corridor renewal and slow inspections keep Ukrainian grain freight and export volumes constrained, supporting Black Sea wheat and corn prices.
apk-inform.comDec 23, 2022After 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.
