Loading…
Some US agricultural export prices have fallen over the past two weeks, partly because a shortage of containers has blocked exporters' shipments. Regulators are uncertain whether shipowner practices violated the US Shipping Act.
Container shortages restrict US export capacity and push down farm-gate and FOB prices for containerized products such as soybeans and DDGS. Higher container freight costs also widen the spread between US and competing origins.
spglobal.comDec 15, 2020Not enough comparable past events yet for a historical read.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
Not 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.
