Ukraine and Turkey agree to work on restoring the Black Sea grain corridor

Not enough comparable past events yet for a historical read.

After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.

• Oct 26, 2023Ukraine says its Black Sea grain corridor is working | Reuters+2.2%
• Nov 9, 2023Ukraine: Alternative Black Sea export corridor is working despite attack | Reuters-2.9%
• Oct 24, 2023Ukraine Exports 700,000 T Grain Via New Black Sea Corridor - Minister+1.8%
• Dec 30, 2023Ukraine Exports Through Black Sea Shipping Corridor Reach 13 Million Tons - Bloomberg+2.6%
• Dec 22, 2023Return to the Black Sea: New grain lane could ease Ukraine’s rift with neighbours | World Ports Organization+0.9%

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.

• Oct 26, 2023Ukraine says its Black Sea grain corridor is working | Reuters-3.5%
• Nov 9, 2023Ukraine: Alternative Black Sea export corridor is working despite attack | Reuters-1.5%
• Oct 24, 2023Ukraine Exports 700,000 T Grain Via New Black Sea Corridor - Minister-4.3%
• Dec 30, 2023Ukraine Exports Through Black Sea Shipping Corridor Reach 13 Million Tons - Bloomberg-2.0%
• Dec 22, 2023Return to the Black Sea: New grain lane could ease Ukraine’s rift with neighbours | World Ports Organization+2.4%