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A US Grains Council market perspectives report from September 21 notes dry bulk freight rates appear to be losing steam after a two-month run-up, with markets mostly steady. It also reports the Brunswick, Georgia grain port was damaged by a recent hurricane, with repair timing for grain loading unknown.
Damage to the Brunswick port removes an export outlet for US Southeast grain, potentially tightening logistics and shifting flows to other Gulf and Atlantic ports, with mild upward pressure on regional basis and freight.
grains.orgSep 21, 2017Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
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.
