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An opinion column recalls that the 1,300-foot container ship Ever Given blocked the Suez Canal for nearly a week after running aground on March 23. The blockage disrupted about 13% of global trade flows and left ships facing delays and rerouting.
Suez disruptions lengthen voyages and raise ocean freight costs, which can add to the delivered cost of grain and oilseed cargoes moving between Asia, Europe and North America.
globalfarmernetwork.orgTim KeeganApr 1, 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.
