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The Maritime Union of Australia plans stoppages and work bans at Patrick container terminals in October, including 12-hour halts every Monday, Wednesday and Friday at Melbourne. Exporters of grain, meat and pulses say the action adds costs on top of a strained global container logistics system.
Reduced container handling at Australian ports raises export costs and can delay grain and meal shipments, which supports higher Australian export basis and freight rates.
graincentral.comLiz WellsSep 28, 2021Not enough comparable past events yet for a historical read.
After 283 past bullish logistics events, WHEAT 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.
