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The U.S. Grains Council market perspectives note describes dry-bulk freight markets as drifting lower with little expected change in the coming weeks. It says the Mississippi River low-water situation improved, with barges loading to 9.0-9.6 foot drafts, and that ILWU container port contract talks continue into 2023.
Improved river drafts ease barge constraints on Gulf grain exports, which modestly supports US export competitiveness and reduces freight-driven basis pressure. Continued port labor talks are a source of residual logistics risk for export flows.
grains.orgDec 8, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
