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Hurricane Ida made landfall in southeastern Louisiana as a Category 4 storm, damaging grain, barge and rail infrastructure and shutting in about 1.8m b/d of US Gulf crude output. Some ports reopened with draft restrictions, and outages could last weeks.
Damage to Gulf export terminals and energy capacity disrupts grain shipments and tightens crude and diesel supply, which supports energy prices and freight costs.
breakwaveadvisors.comBraemarSep 4, 2021After 26 past bullish logistics events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (58% higher; middle half -5.1% to +9.5%), and +2.0% over 20.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
