Loading…
The headline reports that Santos terminals are holding firm as a strike enters its second week. The accompanying text covers broader container shipping topics, including overcapacity, US intermodal rail growth and US customs enforcement.
No specifics of the strike's causes or scope are given in the text.
A multi-week strike at Santos, Brazil's main grain and soymeal port, could delay exports and affect shipping schedules, which tends to support Brazilian basis and freight costs. The text does not give enough detail to judge the size of the impact.
joc.comJOC TeamMar 13, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
