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Grain vessel loading at US Gulf and PNW ports stayed relatively strong in October and November, with an average of 36 ocean-going grain vessels loaded per week in the Gulf. Ocean freight for bulk grain to Japan averaged $48.38 per mt from the Gulf and $26.81 per mt from the PNW in November, both about 7% above third-quarter levels.
Steady vessel demand and firmer freight rates indicate tight shipping capacity, which supports higher delivered costs for US grain exports.
feedandgrain.comDec 1, 2020Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
