Grain freight rates from Ukrainian Danube ports rose sharply due to limited available tonnage and longer waiting times at the Sulina Canal. Short-haul handysize rates rose about $10/t in a week, while longer routes rose $20-25/t.
Barge rates rose about €5/t, and corn freight from the Danube to Egypt approached $100/t in early September.
Higher freight from the Danube raises landed costs for Ukrainian grain and narrows the export netback, supporting FOB prices for Black Sea origin feed grains.
Not enough comparable past events yet for a historical read.
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 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.
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.