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Australian grain exporters say getting grain out of the country is difficult, with shipping costs not returning to pre-COVID levels and labour shortages expected to be the main issue. Canola has peaked above A$1,000 a tonne.
China is adding tougher import checks and new tariffs that raise costs for Australian exporters.
Higher freight and export frictions widen the gap between Australian origin prices and destination prices, supporting firm grain and oilseed prices for importers.
farmweekly.com.auLeah TindaleNov 26, 2021Not enough comparable past events yet for a historical read.
Not 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.
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.
