
Shipowners offered vessels for loading at Greater Odesa's deepwater ports during the reporting week, but negotiations ended without deals. The indicative Handysize freight rate to Egypt was $105/t plus a $500k ballast bonus, roughly $130/t all-in, versus $23/t on July 10, 2026.
Danube shipping is also congested, with more than 100 vessels queued at the Sulina Canal.
Freight costs for Black Sea wheat exports have roughly quintupled while the ports remain disrupted, widening the gap between Ukrainian farm-gate and export prices. Stalled shipping keeps grain stranded and pressures wheat and feed-grain availability for importers.
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.
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.