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Container shortages in Chicago are imposing a premium on nearby DDGS deliveries while pressuring deferred shipments. Export demand from China has been sluggish as container vessels idle outside Chinese ports after the coronavirus outbreak.
Container bottlenecks constrain DDGS export flows, pushing deferred prices lower while nearby tightness supports spot values. Weaker ex-Asia freight rates signal reduced trade volumes.
spglobal.comFeb 12, 2020Not enough comparable past events yet for a historical read.
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.
