
Ukrainian export corn prices fell to their lowest level in two years, down $24/t over the month and below $200/t for the first time since September 2024. Traders cite high logistics costs, with corn shipped via Constanța costing about $100/t, and restricted Black Sea shipping from Greater Odesa ports.
Sharply lower Ukrainian corn offers and higher freight costs keep Black Sea corn less competitive, which can ease feed corn costs for buyers in importing regions while pressuring Ukrainian farm-gate prices.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
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.