# Black Sea dry bulk trade resumes as spot grains, fertilizer cargoes enter market - Supply Chain Council of European Union | Scceu.org

> Black Sea dry bulk spot trading has resumed as Ukrainian ports Odessa and Yuzhny see a backlog of loaded ships and new spot grain inquiries. Some spot fertilizer cargo inquiry also emerged from Russian Black Sea ports, though freight rates are high and inconsistent due to insurance difficulties.

- Date: 2022-08-21 · published 2022-08-21T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/39922-black-sea-dry-bulk-trade-resumes-as-spot-grains-fertilizer-cargoes-enter-market
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Renewed Black Sea grain flows add export supply and pressure wheat and corn prices, while high freight and insurance costs keep delivered prices elevated for importers.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-02-26 | [26 Million Tons Of Cargo Exported Through Ukraine’s Black Sea Corridor » The Center for Transport Strategies](https://feedsoft.ai/events/14325-26-million-tons-of-cargo-exported-through-ukraine-s-black-sea-corridor-the.md) | -4.4% | -4.2% |
| WHEAT | 2021-10-21 | [Bumper grain crop set to challenge supply chain: ANZ - Grain Central](https://feedsoft.ai/events/44497-bumper-grain-crop-set-to-challenge-supply-chain-anz-grain-central.md) | +0.4% | +8.8% |
| WHEAT | 2024-03-04 | [Drewry - Maritime Research Opinions - Ukraine's flourishing grain exports amidst expired Black Sea Grain Initiative](https://feedsoft.ai/events/14315-drewry-maritime-research-opinions-ukraine-s-flourishing-grain-exports-amidst.md) | +7.2% | -0.4% |
| WHEAT | 2017-08-31 | [Market Perspectives August 31, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/69349-market-perspectives-august-31-2017-page-9-of-10-u-s-grains-and-bioproducts.md) | +0.5% | -2.7% |
| WHEAT | 2024-03-14 | [Market Perspectives - March 14, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/31093-market-perspectives-march-14-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +0.4% | +3.5% |
| CORN | 2020-08-20 | [Wheat Rally Extends on Higher Freight Costs - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/51502-wheat-rally-extends-on-higher-freight-costs-supply-chain-council-of-european.md) | +2.7% | +10.2% |
| CORN | 2024-02-26 | [26 Million Tons Of Cargo Exported Through Ukraine’s Black Sea Corridor » The Center for Transport Strategies](https://feedsoft.ai/events/14325-26-million-tons-of-cargo-exported-through-ukraine-s-black-sea-corridor-the.md) | +0.5% | +7.8% |
| CORN | 2024-09-19 | [Market Perspectives - September 19, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16999-market-perspectives-september-19-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.7% | -2.4% |

## Sources

- scceu.org: https://scceu.org/black-sea-dry-bulk-trade-resumes-as-spot-grains-fertilizer-cargoes-enter-market/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.