
Ukrainian corn export prices FOB Port Odesa fell below $200 per tonne for the first time since September 2024, reaching $199/t as of November 2, down $24/t month on month. Traders attribute the drop to Black Sea shipping restrictions and high costs of alternative routes via Constanta and deep-water corridors.
Lower Ukrainian FOB offers and blocked deep-water exports push Black Sea corn to discounts, bearish for global corn export prices and feed-grain import costs.
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.
After 13 past logistics events, Oats moved a median -1.9% over 5 sessions (23% higher; middle half -5.2% to -0.6%), and +1.5% 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.