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The new Yevrovneshtorg grain terminal at Ukraine's Olvia seaport loaded its first vessel, carrying 21,000 tonnes of corn for Lebanon, completed December 16. The terminal plans to handle 1 million tonnes of agricultural cargo in 2019.
Added export terminal capacity at Olvia gives Ukraine more outlet for corn and grain, a mildly bearish factor for export prices over time. The effect on the market is small at this scale.
en.cfts.org.uaDec 20, 2018After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
