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Deep-water Black Sea ports Novorossiysk, Tuapse and Taman handle 47.5% of Russian grain exports, according to an expert speaking at a Kyiv conference. Minor Azov and Black Sea ports account for 31.5%, mainly serving Turkey.
The expert also cited a shortage of rail cars and terminal capacity this season.
Rail car and terminal shortages limit how quickly Russian wheat can reach export positions, which can firm FOB Black Sea prices. The effect on global wheat values is limited but supportive.
apk-inform.comNov 6, 2017After 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.
