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Port of Newcastle plans a new container terminal at Mayfield capable of handling ultra-large container vessels and 1.3-1.5 km trains. Developers say it could save northern New South Wales grain exporters about $10-15 per tonne versus Port Botany and Brisbane.
Lower freight cost for Australian grain exports could marginally improve Australian origin competitiveness, but the project is at planning stage with no near-term price effect.
graincentral.comLiz WellsFeb 25, 2019After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
