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The cost of shipping US LNG to Asia hit a record on January 12, 2021, with the US Gulf to Japan tanker rate reaching $253,270 per day. Demand from Asia and Panama Canal delays reduced available vessels.
Higher LNG shipping and gas prices lift energy costs, which can raise fertilizer and feed processing costs, though the direct grain impact is limited.
gcaptain.comReutersJan 12, 2021After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
