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Trump's plan to revive US shipbuilding imposes port fees of up to $1.5 million on China-linked ships. Exporters have had to find non-Chinese vessels, which has pushed up freight costs.
Asian buyers are shunning US farm goods as a result.
Higher ocean freight and lost Asian demand weigh on US corn and soybean export basis and futures. Feed buyers should expect wider US origin spreads versus Brazil and Black Sea supplies.
reuters.comNaveen ThukralApr 9, 2025After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
