Cargo handling at Ukraine's three main Black Sea ports of Odesa, Chornomorsk and Pivdenny fell more than fifteenfold after July 22, according to the country's infrastructure minister. Russian strikes have hit terminals, warehouses and vessels, including attacks on ships entering and leaving port.
Farmers in Odesa report they cannot export their harvest.
A near-collapse in port throughput removes a major share of Ukrainian grain from export markets, which tightens global wheat, corn and barley supplies and supports prices. Higher war-risk shipping costs also raise freight rates.
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.