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CBH expects record grain shipments from Western Australia to eastern ports, with about 1.15 million tonnes moved so far and around 2 million tonnes expected this season. Eastern drought-hit regions are driving demand.
Heavy east-bound freight demand supports domestic eastern grain basis and coastal logistics costs, while reflecting tight eastern supply.
farmonline.com.auTravis King, Gregor HeardJan 28, 2019After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
