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A World Bank adviser says Ukrainian grain logistics cost 30-40% more than in competing countries, with exporters bearing the highest costs at ports. Panamax routes to Ukrainian ports cost two to three times more than to European ports.
High Ukrainian port costs lower the netback for Black Sea grain and can keep export offers elevated relative to competitors, supporting wheat and corn prices in importing markets.
latifundist.comNov 3, 2017After 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.
