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Cargill and M.V.Cargo launched Phase 1 of a 5 million tonne grain terminal at Yuzhny port in Odessa region, Ukraine. The $150 million project was financed partly by EBRD and IFC loans.
Added deep-water export capacity in Ukraine can ease port constraints and expand Black Sea grain shipments, a modestly bearish influence on export prices over time.
port.todayJulia LouppovaJun 4, 2018After 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.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
