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A vessel ran aground in the Suez Canal on September 9, briefly blocking part of the waterway. Officials described the blockage as short, and the canal carries about 10% of world trade.
A brief blockage has limited effect on grain freight, but any disruption at Suez adds to already tight shipping conditions and can lift ocean freight costs for feed importers.
apnews.comSep 9, 2021Not 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.
