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The U.S. Grains Council market perspectives note questions whether a sharp late-year rise in dry-bulk grain freight rates is justified. It also says container grain exports are down year over year, and that the U.S. has excess bulk export capacity with some Mississippi facilities closed.
Higher dry-bulk freight raises the cost of shipping grain to buyers, while excess export capacity limits how much that cost can support U.S. basis.
grains.orgNov 30, 2017grains.orgNov 30, 2017Not enough comparable past events yet for a historical read.
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.
