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Chornomorsk seaport and Israel's Bitan Nissim & Sons signed a memorandum to build grain storage facilities at berth No. 8. The project would add storage capacity at a Ukrainian Black Sea harbour.
Additional grain storage at Ukrainian ports supports export capacity over time but is unlikely to move prices in the near term.
worldcargonews.comWCN EditorialJul 1, 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.
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.
