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Russian Black Sea terminals in Novorossiysk plan to raise grain handling fees by US$3/tonne from October 1, about 20% above current rates. Russia planted its largest wheat area this year, and IKAR forecasts production of 82 million tonnes.
A bumper Russian crop and higher port costs add to export supply and raise the delivered cost of Black Sea wheat, with mixed net price effects.
ofimagazine.comSep 8, 2020After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
