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Carriers divert around the Cape of Good Hope; freight and insurance costs surge.
WikipediaAfter 58 past logistics events, Crude Oil (WTI) moved a median +0.3% over 5 sessions (55% higher; middle half -5.2% to +5.0%), and +4.2% over 20.
After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% over 20.
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.
After 24 past logistics events, Palm Oil moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% to +2.7%), and +1.3% 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.
