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US grain trades have fallen sharply in 2023, with combined corn, soybean meal and wheat exports down about 14 million tonnes year on year in the first half. Soybean shipment enquiries are now emerging for the coming export season, and the fronthaul route has reached its highest level since June.
A recovery in US soybean export demand for the fall season would support Panamax freight and US export basis.
breakwaveadvisors.comBraemarAug 28, 2023Not enough comparable past events yet for a historical read.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
