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A four-day closure of the Sulina Canal, caused by adverse weather and low water, has stranded around 110 vessels and halts fresh wheat loadings from Ukraine and Romania via this route. Physical wheat prices around FOB Constanta have been easing in recent weeks.
The closure raises freight, demurrage and logistics costs for Danube wheat exporters and may firm nearby basis temporarily, though it does not reflect a crop loss.
commodity-board.comNov 3, 2026After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 22 past bullish logistics events, KWHEAT moved a median -1.2% over 5 sessions (45% higher; middle half -2.5% to +1.7%), and +3.9% 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.
