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Shipping constraints persist, with a shortage of small coaster vessels pushing freight costs for nearby grain shipments to roughly four times the five-year average. Fertiliser deliveries to Ireland, which depend entirely on sea transport, face high freight costs on top of elevated prices.
Elevated freight costs for grain and fertiliser raise landed costs for feed buyers and are expected to keep pressure on wheat and barley prices into 2022.
scceu.orgDec 5, 2021After 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.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.
