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US agricultural exports to Asia are rising, with bulk vessel loadings returning to pre-trade-war levels, but containers face shortages. China has tightened inspections of frozen food over COVID concerns, causing reefer plug congestion at Xingang and warnings from MSC that other Chinese ports could be affected.
Container and reefer bottlenecks raise logistics costs and delay containerized grain and feed exports to Asia, while strong bulk soybean demand from China supports US soybean exports.
freightwaves.comGreg MillerNov 25, 2020After 206 past bullish logistics events, SOY moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
