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The IFC will disburse funds for a 5 million tonne grain terminal at Yuzhny port, built in two stages near berth 25. The project costs $130 million and is expected to double the port's grain handling capacity to 6-8 million tonnes a year within two years.
Added Black Sea port handling capacity over the medium term improves export logistics, a long-run bearish factor for grain freight and basis.
unian.infoJan 23, 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.
