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Vessels are stacked in the Azov Sea ports of Azov and Rostov because of bad weather and low water levels on the Don channel. Freight on Azov wheat to Marmara is steady at $21/t, while Caspian corn and river freight rates are rising.
Port congestion and low river water tighten shipping capacity, which raises freight costs and can delay Black Sea grain deliveries.
sealines.suNov 27, 2019Not 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.
