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The U.S. Grains Council weekly ocean freight commentary says dry-bulk rates rose on war risk, with insurance for vessels in the region reported at $200,000-300,000. Wheat, corn, barley and sunflower shipments from the Black Sea are expected to be switched to other origins, adding tonne-miles.
Rerouting and war-risk premiums raise delivered costs for grains and oilseed meals, supporting import-dependent feed prices and adding volatility.
grains.orgFeb 24, 2022grains.orgFeb 24, 2022Not enough comparable past events yet for a historical read.
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.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
