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Grain Central reports that COVID-19 disrupted Australian grain supply chains, with fertiliser and chemical imports delayed and industrial action at the Port of Botany impeding container trade. An AgriFutures report says grain demand and prices were at record levels during a strong growing season.
Input shortages and port disruptions can curb planting and export capacity in Australia, a mid-size wheat and barley exporter, and this supports firm global grain prices.
graincentral.comLiz WellsJul 26, 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.
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.
