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Maersk said one of its services will resume Suez Canal routing, and its share price fell more than 5% on the news. Vessels are gradually returning to the shorter Suez route.
A return to Suez adds effective capacity and shortens voyages, which points to lower freight rates for grain and feed shipments.
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.