CBH Group is prioritising bulk exports to move Western Australia's record 2021-22 winter crop of about 23.1 Mt, which is 52% above the 10-year average. Container shipping slots will be removed from late May until 30 September 2022 to free capacity for bulk grain.
Heavy port and shipping constraints in WA can slow Australian wheat and barley loadings, supporting nearby bulk prices and freight demand even as the crop is large.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not 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.