Loading…
CHS CEO Jay Debertin says the Baltimore bridge collapse is affecting ag commodity movements, though less severely than Panama and Suez disruptions. He notes grain ships still transit the Red Sea and the Ukraine war continues to disrupt global grain trade.
Multiple chokepoint disruptions keep merchandisers rerouting cargoes and paying higher freight, supporting export basis and freight costs for grains.
brownfieldagnews.comMark DorenkampApr 12, 2024Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
