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A Journal of Commerce roundup warns shippers of disruption tied to a CN strike. It also reports Asia-East Coast spot rates staying elevated amid capacity limits and Panama Canal transit restrictions.
Singapore bunker fuel prices have risen sharply, and carriers are adding emergency fuel surcharges.
Higher bunker and diesel costs and tight capacity raise the cost of moving grain and oilseeds by ocean and rail. Buyers face higher landed costs, and the freight pressure is modestly supportive for origin basis spreads.
prod.int.joc.comJOC TeamNov 20, 2019Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, DIESEL moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% 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.
