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Falling water levels continue to disrupt cargo traffic through the Panama Canal and on the Mississippi River. Panama Canal restrictions are expected to persist for the coming 16 months, and Mississippi shippers are bracing for worse disruption in the coming weeks.
Dual chokepoints on the US export corridor raise freight costs and delay US grain and meal shipments, which supports US Gulf basis discounts and freight-linked prices.
theloadstar.comGavin van MarleSep 22, 2023Not enough comparable past events yet for a historical read.
Not 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 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
