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The Black Sea Trade and Development Bank approved a EUR 31 million loan to Orexim Group to expand its Mykolaiv grain terminal storage from 60,000 to 150,000 tonnes. The terminal is projected to handle about 2 million tonnes of grain annually.
Expanded Ukrainian port storage improves export capacity over time, a modest long-term bearish factor for Black Sea grain prices.
bstdb.orgBlack Sea Trade, Development BankJan 30, 2018After 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.
After 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.
