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Rail carriers limited grain traffic from producing areas to Ukrainian ports for the third time in 2019 because nearby stations cannot handle current volumes. A three-day break was set, and some loaded cargoes must wait at berth.
Weekly staple grain shipments through Ukrainian seaports were 1.87 million tonnes in the week of October 19-25.
Slower rail deliveries delay Black Sea wheat and corn loadings, which can weigh on nearby export prices and widen discounts as sellers face delays.
latifundist.comOct 29, 2019After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
