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Hurricane Ida damaged more Gulf Coast grain terminals, including a second Cargill facility in Westwego, Louisiana, while power outages kept others shut. The lower Mississippi River was closed to vessel traffic with sunken barges and debris blocking the channel.
Urea barge prices from New Orleans also jumped from $450 to $552 per ton.
The Gulf handles about 60% of US grain exports, so weeks of stalled loadings and river closure delay shipments, pressure US cash grain and soybean prices, and raise barge freight costs.
agweb.comReuters1 sept 2021Tras 359 eventos bajista de logística pasados, Maíz se movió una mediana de -0,3 % en 5 sesiones (44% al alza; mitad central entre -1,5 % y +1,5 %), y -0,5 % en 20.
Tras 297 eventos bajista de logística pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,5 % y +1,8 %), y +0,7 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Tras 49 eventos alcista de logística pasados, Urea se movió una mediana de -0,3 % en 5 sesiones (45% al alza; mitad central entre -1,3 % y +2,2 %), y -0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Hurricane Ida disrupted Mississippi River logistics and sent New Orleans urea barge prices from $450 to $552/t, a direct supply-side shock matching the move window.
Lower Mississippi closure with sunken barges and debris, plus damaged terminals, disrupted barge movements and unloading, tightening barge availability and pushing St. Louis freight rates higher in the days up to Sept 7.
Hurricane Ida damage and the closed lower Mississippi pushed New Orleans urea barge prices sharply higher (from $450 to $552/t), a direct supply and logistics shock that fits a one-day jump ending 2021-09-02.
Further Ida damage and a closed lower Mississippi reinforced the supply and logistics squeeze and the barge price jump.
Further Ida damage and the river closure reinforced supply and logistics tightness and the barge price spike heading into the move.
Describes Ida-related terminal damage and river closure with urea barge prices jumping from $450 to $552/t, corroborating the supply disruption, but it is dated after the move.
