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US soybean exporters are shifting shipments toward East Coast ports, drawn by aggressive carrier pricing, abundant vessel capacity and cheaper rail rates to the East Coast. The article notes exports and imports are increasingly routed through East Coast gateways.
Lower East Coast freight and rail costs can shift US soybean export competitiveness and basis patterns, marginally affecting soybean and meal export pricing.
joc.comBill Mongelluzzo, Trans-Pacific }Feb 5, 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.
