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USDA data show Q4 2018 wheat shipping costs to Japan rose from Q3 and from a year earlier, with Kansas wheat at $96 per tonne and North Dakota at $101 per tonne through the Pacific Northwest. Higher ocean rates, rail costs and trucking demand drove the increases.
Higher freight costs narrow the netback for US wheat exports to Japan, which can weaken export competitiveness and wheat prices at origin.
grainjournal.comMar 7, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.
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.
