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Freight Investor Services is launching two new forward freight routes for grain: Mississippi River to Qingdao and Santos to Qingdao, which are under trial by the Baltic Exchange. The U.S. Gulf fob soybean price is $325 per ton, with freight at $44 per ton, or 13.5 percent of the C&F China price.
New freight hedging routes improve risk management for soybean exporters and buyers, but the article mainly reflects market structure rather than a new supply or demand shock.
splash247.comSam ChambersJul 24, 2018After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
