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Qube has started its first grain train of the 2020 harvest, leaving Coonamble in New South Wales for the Quattro Ports terminal at Port Kembla. Early indications point to a strong harvest after several drought years.
Early rail movement signals harvest volumes and logistics capacity, but the story has little direct price impact on feed commodities.
thedcn.com.auDavid SextonNov 16, 2020After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
