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National Flour Mills in Trinidad and Tobago said feed supply shortages should normalize within two weeks. Shortages stem from Chinese demand that has strained loading capacity at supplier ports, delaying corn and soybean meal shipments by three to four weeks.
Port congestion and Chinese-driven demand are delaying feed grain and meal shipments to Caribbean buyers and raising local costs, though the company expects raw materials to arrive in early January.
newsday.co.ttLaurel V WilliamsDec 29, 2020After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.
