
Freight rates for grain shipments from Ukraine's Danube ports to Egypt rose by $10 per ton over the past week to $120 per ton, according to ASAP Agri. Limited vessel availability, queues at Sulina, Black Sea war risks, and firm shipowner terms have widened the gap between owner and charterer rate expectations.
Barge rates on the Danube are also climbing on tonnage shortages and draft restrictions.
Higher freight costs raise the landed price of Ukrainian grain and feed grains for Egyptian buyers and reduce export competitiveness, which can support prices in origin markets while limiting demand.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.