Loading…
The International Finance Corporation is lending $37 million to MV Cargo to build a grain terminal at the Black Sea port of Yuzhny. The terminal can handle up to 5 million tonnes of grain a year and is planned to open in spring 2018.
Total project cost is about $150 million.
The added port capacity could lower logistics costs and lift Ukrainian grain exports over time. The effect on prices is long term and small in the near term.
world-grain.comEric SchroederApr 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.
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.
