# Maersk’s North American Market Update – November Highlights 2024 | Maersk

> 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.

- Date: 2024-12-13 · published 2024-12-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/27005-maersk-s-north-american-market-update-november-highlights-2024-maersk
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-01-26 | [Cold weather impacts North American grain markets](https://feedsoft.ai/events/21055-cold-weather-impacts-north-american-grain-markets.md) | +2.3% | +5.5% |
| WHEAT | 2020-12-23 | [Soybeans gain as South American supply falters - Markets - Business Recorder](https://feedsoft.ai/events/49494-soybeans-gain-as-south-american-supply-falters-markets-business-recorder.md) | +0.8% | +7.2% |
| WHEAT | 2024-12-18 | [Solidarity Lanes: Latest figures – November 2024 - Mobility and Transport](https://feedsoft.ai/events/14246-solidarity-lanes-latest-figures-november-2024-mobility-and-transport.md) | +1.4% | -0.4% |
| WHEAT | 2024-12-12 | [Market Perspectives - December 12, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16978-market-perspectives-december-12-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.5% | -0.7% |
| WHEAT | 2019-01-06 | [South American dry spell affects market outlook - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61184-south-american-dry-spell-affects-market-outlook-agweek-1-source-for-agriculture.md) | +0.4% | +3.1% |

## Sources

- maersk.com: https://www.maersk.com/news/articles/2024/12/13/north-america-market-update-november

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.