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Ukrzaliznytsia, the state railway, banned rail transport of grain in private freight cars through the Zhovtneve and Zhovtneve-Export stations from August 16 until further notice. The ban covers major exporters including Louis Dreyfus, Kernel and GrainCorp.
Earlier large-scale restrictions to Odesa and Mykolaiv ports had begun on July 31.
Restricted rail access to Ukrainian ports slows export loadings from major traders, which can tighten near-term shipments and support wheat and corn prices.
en.cfts.org.uaAug 20, 2019After 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.
