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USDA's Grain Transportation Report shows fourth-quarter 2019 wheat shipping costs to Japan from Kansas and North Dakota through the Pacific Northwest rose about 1% from the third quarter on higher trucking rates. Gulf route costs were mostly unchanged.
Total landed costs fell as ocean freight rates and farm values declined.
Lower ocean freight rates reduce the delivered cost of US wheat to Asian buyers, which supports export competitiveness. The effect on wheat prices is modest because the changes were small.
grainjournal.comFeb 13, 2020Not 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.
