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Ukraine's agriculture minister Taras Vysotskyi said the ministry is working on a scenario in which full access to Greater Odesa's Black Sea ports does not return before July 1, 2027, the start of the new marketing year. The ministry is also modelling longer restrictions but hopes they will not materialise.
He urged farmers to sell where sales avoid losses, as most sales are currently unprofitable, and noted that port infrastructure currently handles only 6-7 million tonnes of exports a month even after reopening.
A prolonged blockade removes a major Black Sea export route, keeping Ukrainian wheat and corn off world markets and supporting prices for corn, wheat and feed grains while shifting demand toward other origins.
forbes.uaОлександр ПикалоNov 12, 2026After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
