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The Signal Ocean weekly dry bulk report says Capesize rates from Brazil to North China fell below $18/tonne after an early-December upswing. US grain shipments to China fell 45% in November from October and from a year earlier.
Weaker US-to-China grain volumes reduce tonnage demand on those routes, while freight rate swings change landed costs for imported feed grains. The net effect on feed prices is modest in this single week.
breakwaveadvisors.comSignal OceanDec 13, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
