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Maersk's November 2024 market update forecasts 2.7% growth for the US and 0.7% for the euro area, with China at 4.8%. It says its Network of the Future for Asia-North America East-West trades goes live on February 1, 2025, and notes continued constraints on West Coast capacity for Canada-bound cargo.
Carrier network changes and West Coast capacity constraints affect container freight rates for agricultural exporters. The update is mainly an outlook and does not signal an immediate price move.
maersk.comFlorencia SerraDec 13, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
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.
