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Russia's grain exports are constrained by limited port infrastructure at home. Since Moscow annexed Crimea in 2014, Russian traders can no longer use Ukraine's Black Sea ports, which can handle 52 million tonnes of grain.
Shipments from Crimean ports Sevastopol and Kerch have also been complicated by legal issues.
Reduced access to Black Sea export capacity tightens Russia's effective export flow, which can support wheat and corn offer prices for buyers. The impact is gradual and largely already priced in, so the move is modest.
reuters.comPolina Devitt2017年11月3日在过去 163 次中性的物流事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.1%（53% 上涨；中间一半区间为 -1.3% 至 +1.1%），20 个交易日内为 -0.3%。
在过去 284 次中性的物流事件之后，玉米 在 5 个交易日内中位数变动 -0.0%（49% 上涨；中间一半区间为 -1.3% 至 +1.4%），20 个交易日内为 -0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
