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UNCTAD published a report on 28 June 2022 finding that the war in Ukraine is stifling trade and logistics in Ukraine and the Black Sea region. Halted port operations, damaged infrastructure, trade restrictions, insurance and fuel costs have lengthened shipping distances and raised costs.
Dry bulk grain transport costs rose nearly 60% between February and May 2022.
Higher freight and longer voyages raise landed grain and feed costs for importers and support global food price levels. The report's estimate of a 3.7% rise in consumer food prices points to sustained upward pressure on feed ingredient prices.
unctad.orgJun 28, 2022Not enough comparable past events yet for a historical read.
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.
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.
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.
