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Ships carrying more than 700,000 tonnes of soybeans are waiting at anchor off Chinese ports due to heavy customs checks and limited port warehouse capacity. China delivered 9.59 million tonnes in May and 9 million in June, with port stocks at 7 million tonnes.
Port congestion delays soybean deliveries and has lifted soymeal prices, a logistics bottleneck that supports meal values while it lasts.
grainsprices.comGate.BGJul 6, 2017After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.
