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Pacific National grain rail disruption in Victoria continues, with over 30 trains cancelled since March and about 100,000 tonnes of grain undelivered. Estimated costs are around $10 million, largely port demurrage.
The Victorian Farmers Federation called for a swift resolution to the dispute.
Continued rail stoppages restrict grain flow to ports during a record harvest, raising demurrage and logistics costs that feed into Australian grain prices and export competitiveness.
bordermail.com.auGregor HeardApr 27, 2017After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), 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.
