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About 38,000 tonnes of Argentine wheat are held at the Port of Santos awaiting Federal Revenue clearance, a process that normally takes 3 to 5 days. Importing mills pay roughly US$35,000 to 40,000 per day in ship demurrage while silos stay full.
Customs delays at Santos raise import costs for Brazilian millers and slow wheat flows, a minor local factor for wheat prices.
datamarnews.comGabriel MalheirosApr 13, 2022After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
