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Ukrainian Shipping Magazine reports Azov-Black Sea freight rates rising, with a Black Sea coaster at $44.33/ton and Odesa to Italy grain freight at $74.50/ton. Delays for ships queuing in Istanbul and uncertainty over the grain corridor's future are cited as drivers.
Higher regional freight from Ukrainian ports raises delivered costs of Black Sea wheat and corn and signals tightening export logistics, supporting prices for importers.
en.usm.mediaNinaOct 24, 2022After 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.
After 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.
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.
