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Container spot rates are edging higher on major east-west trades amid US truck capacity losses from tighter electronic logging device enforcement. The Panama Canal will limit transits due to drought from El Niño, and Typhoon Dolphin disrupted nearly half a million TEUs of capacity at major Chinese ports.
Canal transit limits and port disruptions tighten shipping capacity, which can raise freight costs for grain and feed ingredients moving through the Panama Canal and Asian ports.
joc.comJOC TeamNov 3, 2017Not 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.
