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Supply Chain Dive reports that truck driver shortages and port health checks are snarling grain and commodity supply chains despite abundant global supply. A UN report of April 3 warns of price swings hitting developing countries, and Thai rice export prices reached a six-year high.
Transport bottlenecks can keep physical grain from moving, lifting regional cash prices and supporting ingredient costs for feed buyers even with ample stocks.
supplychaindive.comEmma CosgroveApr 7, 2020After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 21 past bullish logistics events, Rough Rice moved a median -0.5% over 5 sessions (38% higher; middle half -2.0% to +1.8%), and +3.6% over 20.
After 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.
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.
