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T-Ports is preparing to open its Lock and Lucky Bay grain bunkers, with about 510,000 tonnes of combined storage capacity plus 24,000 tonnes portside at Lucky Bay. First grain is expected in March-April, with full operation by October in a normal season.
The company says its freight differential is $1-$15/t below current domestic haulage costs.
New competing storage and export capacity on the Eyre Peninsula could lower handling and freight costs for growers, a slight bearish factor for regional grain basis.
graincentral.comLiz WellsFeb 19, 2019Not enough comparable past events yet for a historical read.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
