
Euronext wheat opened slightly lower on November 2 while corn was higher, after closing the previous week in consolidation. Russia reopened the Sea of Azov to vessel departures until November 15, though operators report slow implementation due to poor weather.
The Azov reopening could add Russian export flow, a bearish factor for European wheat, but slow implementation limits the immediate price effect.
After 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.